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.
Do you think TechShop is a good idea? To find out more about the company, click here. Then send your thoughts to firstname.lastname@example.org, or post them below.
Last updated: Jul 3, 2007
MIKE HOFMAN was previously editor of Inc.com and a deputy editor at Inc. magazine, which he joined in 1996. The site was nominated for a National Magazine Award for Digital Media in 2010, and was named the best business website by Folio Magazine. In 2006, Hofman was part of a team of writers nominated for a Webby Award for best business blog. He lives in New York City. @mikehofman