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Is this an idea worth pursuing or not?

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Is this an idea worth pursuing or not?

#1
The social scene in big cities like New York or LA can be daunting. Drinks are expensive, places can be crowded, lines long and the service sucks. So I was thinking, what if you have a platform that enables people to turn ordinary private spaces such as their home (or really anywhere) into social settings? For instance, turn your apartment into a bar with 4 tables and guests can reserve a spot (either with a group of friends or to hang out with strangers) by paying an admission fee (will be byob to avoid liquor license issues). This concept can be applied to different social settings such as hosting a mom’s night for other moms with kid care included, hosting a mediterranean dinner party, hosting a games night etc. The platform would enable guests to see what events are happening in their immediate vicinity / or a particular location on a specific date and reserve spots at various events they want to attend. Guests can also see if their friends are attending a particular event (if the guest makes their attendance public) and over time see if any guests that they’ve met previously will be attending. Guests and hosts can leave reviews on each other's profiles as feedback for future users. Some immediate issues I’ve identified are the usual market place chicken and egg problem and potential security concerns about letting strangers into your private space (though the same was true for uber and airbnb). Are there any other potential issues? I have several ideas on how to monetize it but wanted to hear what people think about the concept.

Re: Is this an idea worth pursuing or not?

#6
You’ll face a high regulatory and liability burden, but neither of those are insurmountable (note that I am not a lawyer or financial advisor and this is not legal or financial advice). Liquor license to serve drinks is the first that comes to mind. Then there’s the risk factor that running a bar involves dealing with unsavory people (people who start fights, harass, other levels of petty crime and violence). You also need to screen guests for valid IDs.

You need a rent-a-bouncer service for your hosts, too at the very least.

Again, not impossible but difficult (and solving the difficulty is the whole value prop of a business). Consider synergies with other event organizers, especially in the music scene.

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