It sounds like a dream, but it isn’t. SilverTech Ventures is giving space to entrepreneurs rent-free. And it’s not just any space: it’s ultra premium Manhattan real estate at 7 World Trade Center, the first new building to have risen out of the ashes of 9/11. SilverTech is partners with Silverstein Properties, which manages the WTC properties.
Want the dream to continue? Okay, SilverTech is extremely patient and wants to help startups as they misstep, pivot and find their way. Or as they “meander right and left,” as co-founder Charlie Federman described the startup vicissitudes to CNN. There is no set time limit on the free rent. Federman says, “We give [entrepreneurs] the gift of time.” Oh and another thing, SilverTech doesn’t go all draconian on founders’ equity either. It’s often satisfied with single digit percentage ownership and wild success. Can you handle that, person with an idea? Then apply here.