Sovereign Startup Cities
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A startup building new sovereign cities by first creating an exclusive community network and then partnering with countries to develop autonomous city-states. The approach combines real estate development with community building to create new urban centers.
Key Points:
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Initial Community Building:
- Created social network/club in major cities (NY, LA, SF)
- Hosts exclusive parties and events
- Curates network of "cool people" - founders, entrepreneurs, entertainment industry folks
- Similar to Soho House model
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City Development Strategy:
- Partner with countries (e.g., Croatia) to acquire oceanfront land
- Negotiate sovereign rights for independent:
- Financial regulations
- Rule of law
- Governance structure
- Countries receive equity stake in the development
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Business Model:
- Real estate development company at core
- Revenue from:
- Office space rentals
- Residential properties
- Community membership
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Key Differentiator:
- Network effect of curated community
- Similar to how Hollywood/Silicon Valley work - bringing together key players in one location
- Focus on attracting "best American cool kid talent"
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Investment Structure:
- Backed by Balaji Srinivasan
- Targeting Mediterranean locations
- Small investment rounds ($25k minimum noted)
50:42 - 52:08
Full video: 55:04SP
Shaan Puri
Host of MFM
Shaan Puri is the Chairman and Co-Founder of The Milk Road. He previously worked at Twitch as a Senior Director of Product, Mobile Gaming, and Emerging Markets. He also attended Duke University.