Brad Feld has a new house in Kansas City, and he’s on the lookout for five entrepreneurs to live there for a year, rent free, and build businesses using Google Fiber.
Feld, a Boulder, Colo.-based entrepreneur, startup investor and author, announced in a blog post Wednesday that he has purchased a house, located in the Spring Valley neighborhood along State Line Road in Kansas City, Kan.
The house is part of Kansas City Startup Village, a cluster of homes housing startups that has sprung up in the first Kansas City neighborhood with access to Google Fiber, the internet giant’s ultra-high-speed network.
Feld is working with the Kansas City-based Ewing Marion Kauffman Foundation to choose up to five entrepreneurs to live in the house for a year, rent free. Applicants for Feld’s KC Fiber House Competition must be at least 18 years old. Entries are due by March 22.
In his blog post, Feld provides further explanation of the motivations that drove his decision to purchase the house:
I have a couple of very specific goals. First, I want to set an example using some of the principles I talk about in Startup Communities: Building an Entrepreneurial Ecosystem in Your City. Next, I’m fascinated with Google Fiber and the idea of 1GB Internet access to the home so I want to experiment and see what smart entrepreneurs can come up with. I have a long relationship with Kauffman and Kansas City going back to the mid-1990?s and I want to support the development and growth of the Kansas City startup community. And finally, when Amy and I talked about the idea of it, we agreed it would be a fun thing to do.
Feld isn’t taking any equity in the entrepreneurs’ companies because, as he explains in the blog post, he’s using “a ‘give before you get’ philosophy here to experiment, learn, and help the Kansas City startup community.”