One of the four startups profiled in Inc.'s July cover story is TechShop. The concept is simple: it's basically a business that applies the time-share model to garage start-ups. People can pay $1,200 a year to buy a membership in TechShop. The company provides a full-service workshop with a variety of industrial and prototyping equipment ranging from lathes to welding equipment to CAD software and injection molding machines. Founder Jim Newton told me that he was building TechShop for himself—he loves to work with his hands and to tinker and he wanted a safe, clean place to do that. After overcoming a rough construction buildout, the company was, at press time, signing up 20 new members per week, and hoping to hit 450, at which point TechShop would break even.
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