TechShop and Community Impact
TechShop is a membership-based, do-it-yourself workshop and prototyping studio that provides makers of all ages and skill levels affordable, open access to a wide range of tools, equipment, resources, and workspace.
Since 2006, TechShop has opened six locations across the U.S, from San Francisco to Detroit to Austin. It has provided members the tools and support they need to launch dozens of companies and create thousands of new jobs in the process. Just ask successful businesses like Square and DODOcase, which created their prototypes right at TechShop!
When a new TechShop opens, the impact on the community is immeasurable. TechShop brings together and cultivates a highly creative, collaborative group of makers, tinkerers, students, academics, and entrepreneurs, who share ideas, create new products, businesses and jobs, and learn new skills.
TechShop partners with universities, community colleges, corporations, nonprofits and companies big and small. Together, we democratize access to the tools of invention in local communities, providing the resources that real people need to turn their big ideas into real successes.
TechShop to Raise $60 Million with the New JOBS Act
The JOBS Act eases regulations on the funding of U.S. small businesses to spur growth and pave the way for them to create more jobs. A critical part of the JOBS Act, which is now in effect, lifts the ban on general solicitation and advertising for certain offerings. As a result, we can now invite a broader group of investors, including smaller and community-minded investors, to participate in our business and bring TechShop to more locations, empowering more makers.
How Can You Get Involved?
Become a Lender to Open a TechShop in Your City
Opening a local TechShop store requires significant capital to renovate a suitable location and to acquire equipment and tools. Before we can make a commitment to open a shop in your city, we need to make sure that we have the funds and community involvement to support a store there. That’s where you can get involved. To help fund the opening of a TechShop in your community, we are seeking loan commitments from people like you. We are also seeking loans to assist with the TechShop store that recently opened in Pittsburgh and with the re-location of the existing store in Menlo Park, California.
Each loan commitment will be specific to the location you select, and the loan will only be funded if we receive the minimum commitments for that city (between $2M and $3.5M depending on the city). The minimum loan amount is $25,000. We will accept loans only from accredited investors as defined under Rule 501(A) of Regulation D of the Securities Act of 1933. An accredited investor must have either (i) a net worth of at least $1 million, not including the value of his or her primary residence, or (ii) income of at least $200,000 in each year of the last two years (or $300,000 together with his or her spouse, if married) and have the expectation to make the same amount in the current year). Complete the form below and we will provide you with more information.
Buy TechShop Stock and Join in Our Mission
Each individual TechShop store is wholly owned by its parent company (TechShop, Inc.), which is currently offering its Series B Preferred stock for sale to accredited investors only (as defined above). The minimum investment is $25,000. Complete the form below and we will provide you with more information.
(Please note that these offerings are made pursuant to Rule 506(c) of Regulation D of the Securities Act of 1933, and the JOBS Act.)