Hi all of Mike’s Friends!

Please listen to this idea and see if it might be something for you:

I have over the years listened to Mikes great ideas on improving Mike's Gym with everything from new obstacles to new cabins and a lagoon pool. He has been stringed along by a number of potential investors and as we all know of the struggles he have had the last few years, with Covid-19 and so on.

He has a great team and is not going anyway soon, but I for one would like to see the improvements coming along sooner rather than later. Unfortunately I don’t have all the money to fund him by myself, but I can chip in a bit at least. That had me thinking that there might be more interested in “crowd sourcing” investments into Mike's Gym in a fair way?

The basic Idea is to form an Economic Association or perhaps an LLC etc. based on what might be the most suited form of organization for this in an European country. (I’m most versed in Swedish regulations, so I’m not sure if there is something better available elsewhere in the EU.)

The financial contribution, stock or similar depending on the previous choice would be in bases of €5.000 so that the stakes are reasonable but not too small to make administration too enormous.

The bylaws should be formed so that the investments are “earmarked” to actual investments in Mike's Gym and not just the daily operations. But the control of what investments should be done and invested is something that Mike still should be in total control of and it should not be adding more than absolutely minimal effort for Mike’s book keeping.
We know that he don’t like to fuck about. 😊

The investments should naturally pay off, we are friends, not a charity. But, since we are friends we should not gauge him. So my proposal is that funds given for investments to Mike's Gym from Mikes Friends is rent-free without any installments during the first 3 years (or similar) and then set as a percentage of the profits for the year. With full rights for Mike to pay us back before.

Mikes Friends should naturally be Friends with Benefits, so we should have some sort of “rewards program” that entitles us to rent a cabin at cost-price during off-season if they are available. And some general reasonable discount for visits during the rest of the year.
Perhaps it could be some Friend Only merch or similar. But, the benefits should not be so good that it drives people to join this instead of joining regular memberships, camps etc. We should be friends, not leeches.

If you haven’t heard Mike describe his visions for what he can do with the place with a reasonably limited budget, it’s basically changing Mikes from being one of the best OCR training places in the world to become something like a self-supporting environmentally friendly OCR heaven or a OCR resort with a drastically increased number of cabins, a mid-air cardio-section, a lagoon, a large open area for training and a number of small huts. So no need to cram in 4-6 people in a room any more. And a section with a communal kitchen and a laundry so that you will be able to step up your visit with most facilities that you could need.

Does this sound interesting for you, and would you be willing to invest €5.000 to make this possible?

If you even are willing in providing some time and knowledge to make this come true, please let us know!

We need to be about 20 people to get this off the ground and make sure that the first stage of Mikes three year plan is taking off. No money will change hands until we have enough interested Friends and also the full legal framework to ensure that neither we nor Mike will be unprotected.

This is a private initiative but with Mike fully informed and with his approval.