SpaceShare Limited.

A Letter to Investors

SpaceShare is building transaction and operating infrastructure for real-world shared spaces.

Founder Letter · Wei Huang · Founder & CEO

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SpaceShare began with a simple but deeply overlooked question: why are so many spaces underused, while so many people still struggle to access the right space at the right time?

A classroom, a studio, a meeting room, a dance space, a workshop venue, or a small event space may sit unused for many hours of the day. At the same time, creators, instructors, freelancers, brands, companies, communities, and early-stage teams often face high friction when trying to access physical space.

They may not need a long-term lease. They may not want to pay a large deposit. They may need a space only for a few hours. They may need payment, invoicing, access, and usage confirmation to happen quickly and reliably.

The problem is not simply that spaces are unavailable. The deeper problem is that physical space is still difficult to search, book, verify, pay for, access, manage, and operate with low friction.

SpaceShare exists to solve this.

We are not only building a venue booking platform. We are building infrastructure that turns real-world space usage into a digital, transactional, verifiable, manageable, and eventually access-controlled workflow.

Our long-term belief is simple: physical spaces should become as ready to use as software. They should be searchable, bookable, payable, verifiable, manageable, accessible, and capable of creating value with lower operational friction.

1. We Are Not Building Just Another Venue Rental Marketplace

From the outside, SpaceShare may appear to be a shared-space booking platform. Users can discover spaces, reserve time slots, and complete payments. Space providers can list their spaces, manage bookings, and turn unused time into revenue.

That is our market entry point, but it is not our final destination.

A basic marketplace can help people find spaces. However, discovery alone is not a strong enough foundation for the future of real-world space infrastructure. The harder problem begins after a user chooses a time slot.

Is the space truly available? Has the time slot already been temporarily held? Has payment been completed? Does the transaction require an invoice? Can the user cancel? Can the booking be refunded? Should it sync with an external calendar? Can the correct person access the correct space at the correct time?

These are not simple listing problems. They are transaction, entitlement, delivery, and operations problems.

Space is the asset. Time is the transactable unit. The ticket is the usage entitlement. The order is the financial aggregation layer.

A booking is not merely a calendar event. It is a time-bounded right to use a real-world space. It can be confirmed, paid for, documented, cancelled, refunded, synchronized, audited, and eventually connected to physical access.

2. Toward a Shared-Space Operating System

SpaceShare’s product architecture has multiple layers.

  • The user-facing SpaceShare App handles discovery, classification, space pages, booking, payment, and user experience.
  • The provider and space management layer allows owners and managers to list spaces, manage availability, handle bookings, and coordinate shared management.
  • SpaceShare Admin supports internal operations, user verification, space review, order inspection, invoice handling, data correction, and exception management.
  • Our cloud-first company data management keeps company files, contracts, financial records, supplier information, operating documents, platform data, and internal workflows increasingly cloud-based.
  • Our long-term IoT and physical delivery layer aims to connect paid, verified, time-bounded usage rights with real-world access.

These are not separate ideas. They are different layers of one system.

If the user-facing app is the transaction interface, Admin is the operating control layer. If Chill Room is the physical validation environment, IoT is the real-world delivery layer. Together, these layers form the direction we are moving toward: a shared-space operating system.

3. Chill Room Is Our Physical Demonstration Venue

SpaceShare is not designing shared-space infrastructure only from behind a screen. Our physical venue, Chill Room Taipei Da’an, serves as our first real-world demonstration space and operating laboratory.

The value of Chill Room is not simply that we own or operate a rentable venue. Its deeper value is that it allows SpaceShare to test software, operations, access, customer experience, and management workflows in a real environment.

Through Chill Room, we can observe and validate how users discover a space, how they decide whether to book, whether payment and invoicing are smooth, whether space information reduces questions, whether on-site instructions reduce support work, whether remote management is practical, and whether low-labor operations are possible.

Many marketplaces focus only on the online transaction. But shared-space operations become difficult offline: how does the user enter, how do they use the equipment, what happens if something goes wrong, how is cleaning handled, and how does a booking in an app become a real-world space experience?

Chill Room should not be evaluated only as a single rental space. It should be evaluated as an operating testbed for reducing shared-space management friction and replicating that model across more venues.

4. SpaceShare Admin Is the Foundation of Scalable Operations

A platform cannot scale with only a front-end app. As users, spaces, bookings, verification cases, invoices, and support issues grow, the company faces a real operational challenge.

If every case requires manual searching, manual messaging, manual status checking, and manual follow-up, then operating costs will grow almost linearly with transaction volume.

SpaceShare Admin exists to solve this problem. It is not a conventional reporting dashboard, and it is not simply a data display tool. It is an internal operations and review management system.

Its purpose is to move workflows that would otherwise depend on desktop tools, scattered messages, manual lookup, and founder memory into a cloud-based, mobile-enabled, standardized operating flow.

Human judgment still matters. SpaceShare Admin does not remove the need for human review. Instead, it removes much of the friction around human review by organizing data, directing staff to the right case, standardizing status updates, lowering training friction, and making mobile review possible.

5. Mobile Invoicing Turns Offline Sales Into Formal Revenue Workflows

SpaceShare’s transactions will not always begin and end inside the standard app flow. In the real world, many valuable transactions may come from business development, enterprise customers, custom rental plans, long-term partnerships, brand events, venue collaborations, or on-site sales conversations.

For this reason, SpaceShare’s E-Invoice capability should not be understood merely as a back-office finance feature. It is better understood as a mobile sales invoicing and customer delivery module.

When a business representative closes a deal, whether on-site or online, they can create invoice information, select the invoice type, enter customer details, issue the invoice, and deliver it to the customer directly from a mobile device.

This matters because early-stage revenue often comes from non-standard transactions. Real businesses need flexibility. They need to support enterprise customers, offline conversations, custom pricing, package deals, and immediate document delivery.

Mobile invoicing reduces post-sale administrative work, reduces customer waiting time, and helps offline and custom transactions enter the company’s formal operating and financial workflow quickly.

6. Cloud-First Company Data Management Is Part of Our Operating Advantage

SpaceShare is not only moving space transactions to the cloud. We are also building the company itself with a cloud-first operating model.

At the product level, our platform backend is designed around cloud systems that support users, spaces, orders, verification, payments, and future IoT-related data flows.

At the company level, we manage core business information through cloud-based documents, spreadsheets, files, and company domain systems. This includes company information, financial records, contracts, lease documents, supplier records, payment-related files, operating documents, and external review materials.

This matters because early-stage companies often lose time and clarity when important information is scattered across paper files, local folders, personal inboxes, messaging apps, and founder memory.

Cloud-first data management allows a small team to find documents faster, prepare review materials more easily, support accounting workflows, track contracts and suppliers, respond to partners more quickly, and reduce dependence on individual memory.

It also prepares the company for future AI and automation, including contract renewal reminders, fixed-cost anomaly detection, invoice reconciliation, venue operating reports, investor data package preparation, internal knowledge search, and access-log analysis.

7. Our IoT Strategy Is About Low-Cost Access to Existing Spaces

SpaceShare’s IoT vision is not based on turning every venue into an expensive smart building. The real market is full of existing spaces.

Many spaces already have electromagnetic locks, access systems, switches, meters, power control points, lighting systems, or other hardware that can potentially be connected or controlled. These spaces are not likely to replace all their infrastructure just to join a platform.

That is why SpaceShare focuses on a more practical question: how can existing spaces be connected to digital operating workflows at lower cost?

When a user completes a booking and payment, the system should not only create an order. Ideally, at the correct time, the correct person should be able to access the correct space, and that right should be verifiable, traceable, revocable, and eventually controllable through connected devices.

8. Why This Matters Now

Historically, physical spaces have been operated through long leases, fixed schedules, manual access, and human coordination. But demand is changing.

Creators need short-term shooting spaces. Instructors need flexible classrooms. Brands need small event venues. Companies need training and meeting spaces. Communities need workshop and gathering spaces. Fitness, dance, yoga, family activities, photography, and small business experiments all need more flexible physical entry points.

At the same time, space owners face underused hours, rising costs, labor shortages, fragmented demand, and operational complexity.

The demand side needs lower-risk access. The supply side needs lower-friction operations. Cities need better use of existing physical resources. These forces are converging.

9. Our Differentiation

SpaceShare’s differentiation does not come from a single feature. It comes from the combination of multiple capabilities.

  • We enter the market through shared-space booking, but our underlying architecture is a space usage-right transaction system.
  • We operate a physical demonstration venue that lets us test real-world shared-space operations.
  • We are building an internal Admin system to improve review workflows, invoice operations, data management, and operating efficiency.
  • We support mobile sales invoicing, allowing the company to capture enterprise deals, offline sales, custom packages, and venue partnerships.
  • We use a cloud-first company data management model for collaboration, review readiness, operating discipline, and future automation.
  • Our IoT direction focuses on practical, low-cost integration with existing spaces.

Together, these capabilities position SpaceShare as a company building transaction, delivery, and operating infrastructure for real-world shared spaces.

10. How We Think About Investment

SpaceShare is still an early-stage company. If investors evaluate us only as a conventional marketplace, they will naturally ask about venue count, user count, GMV, take rate, retention, CAC, repeat bookings, monthly revenue per venue, supply retention, and demand-side growth.

These questions matter. We take them seriously. They are necessary for measuring marketplace progress.

But we believe there is a deeper question investors should also ask: can SpaceShare evolve from a venue rental marketplace into transaction, delivery, and operating infrastructure for real-world shared spaces?

If the answer is yes, then the company’s value is not limited to the number of listings in one city. It comes from the operating layer that can potentially be applied to many types of time-bounded physical access.

Capital for SpaceShare is not only about buying traffic or subsidizing bookings. It is about accelerating product stability, lifecycle completeness, Admin maturity, security governance, invoicing and reconciliation, IoT integration, Chill Room validation, third-party venue onboarding, enterprise workflows, and team building.

11. Our Long-Term Vision

Shared spaces are SpaceShare’s first category, but not necessarily the final category. The deeper theme is real-world access.

Today, that means classrooms, studios, event venues, meeting rooms, dance spaces, workshop spaces, and shared spaces. In the future, the same underlying logic may extend to other time-bounded, permission-based, location-based physical assets, such as smart parking, storage lockers, gym time slots, event entry, community spaces, public venue access, temporary workspaces, equipment usage, and brand showroom spaces.

These categories look different on the surface, but they share the same underlying questions: who can use it, when can they use it, has the user paid, has the user been verified, how is access delivered, how is usage recorded, how is cancellation handled, how are exceptions managed, and how can labor cost be reduced?

12. The Future We Believe In

We believe physical space should not be available only to those who can afford long leases, large deposits, renovation costs, and fixed operating commitments.

More people should be able to access useful space with lower risk and lower friction.

When space becomes easier to access, more creators can begin. When space becomes easier to manage, more owners can participate. When space usage rights become systematized, more underused resources can circulate. When IoT and automation reduce delivery costs, space becomes more than a passive asset. It becomes an active node of value creation.

SpaceShare is not building another venue rental website. We are redesigning the relationship between people, space, time, permission, and value.

Our advantage is not listing spaces online. Our advantage is turning real-world space usage into a transaction, verification, delivery, and operating system.

Wei Huang Founder & CEO
SpaceShare Limited

This letter is provided for company introduction, product vision, and investor reference purposes only. It does not constitute a securities offering, investment solicitation, financial guarantee, or assurance of future performance. SpaceShare remains an early-stage company, and its products, operating metrics, partnership models, technical deployments, and business strategy may continue to evolve based on market conditions, legal requirements, and company execution.