Projections show that by the end of 2017, 1.23 million people will choose coworking space over traditional office space. Coworking space in NYC occupies about 9 million square feet, almost 10% of office space in NYC. Venture Capitalists, Wall Street, and major corporations are investing in the coworking trend while Forbes, Harvard Business Review, and major publications are analyzing coworking with the same fervor as opening day games.
In addition to the obvious advantages (flexible lease terms + move-in ready offices) here are the top three reasons everyone is eyeing coworking:
1. Meaningful Work – Entrepreneurs choose jobs they care about, which explains that electric buzz in the coworking atmosphere.
2. Collegiate environment – With so many intelligent people focusing on different kinds of work, shared offices feel like a top university.
3. Collaboration – Because there is a range of companies under one roof, insular office politics and competitions are not relevant – infighting is a thing of the past, or for traditional offices. Members revel in an unspoken code of collaboration and common courtesy.
Workville’s coworking space is the best of NYC because of the talent we attract. We provide the city’s most talented disruptors and thought leaders a productive and friendly space to work. To learn more, signup here for a tour.
In short, the answer is yes. Our coworking space location is now described as Silicon Alley. Our Midtown Manhattan neighborhood is experiencing an influx of technology driven companies and fast-casual restaurants. Which is pretty exciting for lunch time breaks – yes please to WitchCraft, Lukes Lobster, Mexique, Sushirito, and the list goes on!
The question remains though, what happened to the Garment District?
According to an article published in Crain’s, “the number of Garment workers has declined by 83% [since 1984],” largely due to the globalization of the marketplace. Fashion companies used to occupy about 1 million square feet of office space in Midtown Manhattan. The fashion industry is feeling the pressure of displacement; their ecosystem depends on designers, wholesalers, showrooms, and buyers working in close proximity. So, the Mayor’s office and Economic Development Corp are planning to recreate a 200,000 square feet Garment District in the Industrial Space of Sunset Park, Brooklyn. This is also part of a larger South Brooklyn revitalization plan. We’re willing to bet SoBo will be the new place to know.
Midtown Manhattan is emerging as the epicenter for disruptors and tech companies because of the central location. It’s an easy commute with easy access to ALL public transportation. This is important for attracting talent from all over. (Brooklyn, New Jersey, Long Island, Harlem, Connecticut, Uptown, Downtown…)
When we first opened Workville in February 2016, we understood the importance of a centrally located coworking space. Location was our foundation for attracting talent. Next, we set-out to foster a welcoming environment for growing startups and thought leaders. The perks of having three terraces and natural sunlight are added bonuses to the member experience.
We’ve quickly become a leading coworking space in NYC, attracting the best-of-the-best. Every day we see the neighborhood around us become better and better too, with Summer Streets on our front stoop, Hudson Yards opening soon, and Bryant Park’s hub of entertainment and pop-up markets.
Want to be a part of the leading community, centered in the hub of disruption and growth? Contact the Workville team at info@Workvillenyc.com to learn more about the best coworking space in NYC.
At Workville, as you may know, we’re all about face-to-face experiences: helping each other in real time, in real life, right here in the heart of New York City. We love our community and we truly believe the startups working with us in our office space are the best startups in NYC.
Our office space and coworking space in Manhattan is pretty nice, if we may say so ourselves, but it’s the people and companies working here that make it such a great place to spend our time.
That said, it’s nice to have a digital community to engage across social media. And today, we’re proud to say we’ve reached over 1,000 followers on Facebook and Instagram! Thank you! Thanks to everyone, both IRL and online!
Yes, it’s true! As reported in The Real Deal, Workville has taken over the previous Grind office space on the 22nd floor of 1412 Broadway where it will expand to offer office space and coworking memberships tailored for larger teams and growing startups.
This new Midtown Manhattan office space will add 14,000 square feet across the full 22nd floor, bringing Workville’s total in the building to 28,000 square feet.
The Real Deal reports: “Notably, the startup is replacing a competing shared-office space company, Grind, which closed the location and gave the space back to the landlords earlier this year, with several years remaining on the lease. Sources had said at the time that Grind butted heads with Chetrit and Workville, in which Aini is an investor.”
Furthermore, WorkBetter is closing its 21,000-square-foot space at 1440 Broadway after 10 years.
Workville’s Co-Founder, DJ Dashti said the recent string of closures of co-working locations is a “natural correction.”
At Workville we are extremely excited about the future uses of virtual reality and augmented reality. There’s so much potential! And one company on the forefront of this new technology is Workville’s own Lampix. Lampix transforms any surface into a smart surface.
Recently, we chatted with Lampix CEO, George Popescu, about the future of this incredible technology and how companies like his are leading the VR/AR revolution.
Having just launched a year and a half ago, the whole concept was to make something that would allow someone to work with paper and surfaces the same way that we work with electronic documents. “My co-founder just imagined it,” George Popescu says. “He gave a talk at TEDx about User Interfaces of the future and built Lampix.”
Last March, Lampix won the 2017 SXSW Accelerator Pitch Competition for Virtual Reality and Augmented Reality.
Of course, they quickly realized there was so much more to this product. “I engaged with Mihai Dumitrescu, our CTO and our other co-founder early, before he had a fully working Lampix,” Popescu says. “So we built it together. My role is the business side.”
Popescu, is Romanian, raised in France, and now living in NYC. Having such a worldview of business and entrepreneurship is extremely valuable. “Romania is very dynamic and entrepreneurs are very innovative and imaginative, also very technical which means they create real value,” he says. “But they are struggling with resources of all types. But it’s improving fast. France is also very dynamic. The problem there is the mentality, people see obstacles and people are risk-averse. The United States has no comparison in the entire world. People like taking risks and trying to win big. That is the main component in entrepreneurship. And entrepreneurs are also taken seriously.”
With three Master’s Degrees, Popescu isn’t exactly an example of a this often celebrated avatar of the self-taught, lean entrepreneur. He truly believes in formal education. “I think it’s more and more necessary,” he says. “It gives you a base of knowledge and a a core piece that is necessary no matter what you do. You hardly use what you learn in college but that’s not the point. You had to learn how to read, yes? Same thing, if you don’t know basics about anything it’s like not knowing how to read.”
And certainly VR/AR will disrupt and improve the educational experience, among other industries. “Entertainment, training, shopping, collaboration…” Popescu says. “I think VR is for isolated experiences in your basement. I think AR is for experiences in your living room, dining, room, kitchen , shops, factories, everywhere.”
As the CEO of a tech startup, working at NYC’s Workville coworking space in midtown Manhattan, what does it take to get off the ground and up and running?
“Find a customer first,” Popescu says. “Someone who is ready to pay for your product or service. If they are not willing to pay, they don’t need it. And while it’s nice to try to guess what they can pay for, that is not enough. You need to have in hand an email or paper that says ‘If you have that, I’ll buy it for X.’”
Lampix certainly has proven they have that product. And they continue to explore its versatility from their office space at Workville NYC. “I like the location and the relaxed attitude of the Workville team: can do, will do, easy, and no pressure,” Popescu says. “Other companies like WeWork have a pressure sales attitude that turned me off.”
If he’s not in the office fielding inquiries and developing partnerships with Fortune 500 companies, you may find him at Lan Sheng on 36th Street. It seems that many Workville coworking and startup members enjoy Lan Sheng!
According to Hospitality Technology’s 2017 Lodging Technology Study, titled “Frictionless Hotels: Enabling the Omni-Experience,” hotels are spending as much as 6 percent of total revenue on technology. The study also reported that 57% of hotels planned to spend more on technology this year than they did in 2016, while 42% planned to spend about the same and just 2% said they would decrease their IT spending.
This is great news for companies like Intelity Corporation, which creates technology products for hotels, including companies like the Four Seasons, Loews, Conrad and Pacific Hospitality Group.
Marriott was among the early technology adopters, having introduced an app in early 2012 that offered the ability to book a hotel room. Since then, the company has added features that allow guests to use the app to check in and check out; receive an alert when a room is ready; make requests of the hotel staff; and, in at least 500 locations, to unlock a room.
According to Bjorn Hanson, a professor of hospitality and tourism at the Tisch Center of New York University, Hotel occupancy rates in the United States are at 65.5 percent, the highest since 1984.
And this is all in competition with companies like Airbnb. It’s with tech that hotels can compete, and hospitality companies are focusing on tech in five key areas: Energy Efficiency, Smart Screens, Social Media Influence, Location-Based Services, and Mobile Function. It’s not all about the guest or customer. Smart thermostats can conserve energy and water recycling for laundry can save a business hundreds of thousands of dollars in utilities and energy bills.
Technologies and connectivity, eg. smart phones, have completely disrupted many industries over the last few years and it seems now hospitality is next.
If you’re working on a hospitality tech, please let us know! Here at Workville, we pride ourselves on our community of startups and are always looking to help companies find the coworking space in NYC they need to grow their business.
Opening on June 7th, 2017 in downtown Helsingborg, Sweden is a very unique museum dedicated to interesting innovation failures: The Museum of Failure.
This new institution’s premiere collection will consist of over 60 failed products and services from around the world. Every item provides unique insight into the risky business of innovation.
As recently published in The New York Times, Samuel West from the Museum of Failure introduced some of the exhibits in a video posted earlier this month on the YouTube channel of a Scandinavian talk show host.
“The purpose of the museum is to show that innovation requires failure,” Dr. West said. “If you are afraid of failure, then we can’t innovate.”
He started the museum “to encourage organizations to be better at learning from failures — not just ignoring them and pretending they never happened.”
Dr. West held up a Bic for Her pen, still in its package. “Of course women can’t use pens for men; big failure,” he said sarcastically.
“All the literature is obsessively focused on success, but 80 to 90 percent of innovations actually fail,” he said. “Why don’t these failures get the attention they actually deserve?”
“I really hope that you see that these mega-brands that everybody respects, they screw up,” Dr. West said. “I hope that makes you feel less apprehensive about learning something new. If you’re developing a new skill, trying to learn a new language or create something new, you’re going to fail. Don’t be ashamed of it. Let’s learn from these failures, instead of ignoring them.”
Valuable lessons indeed!
Here at Workville, we’re surrounded by successful startups and entrepreneurs all of whom have their own stories of previous failures. But let’s make a distinction here. Almost all successful startups working in the best NYC coworking spaces like Workville will tell you the same thing: there are no failures, just lessons learned.
At Workville we pride ourselves on our community and love being able to host our members for events at our midtown coworking space when available. Tonight, Thursday, April 20th, we’re excited to present StrtupBoost’s Sports Tech Panel featuring three startup pitch presentations, a moderated discussion, and networking over drinks. Tickets here.
Jason is the Founder and CEO of StrtupBoost, which is a startup community that hosts startup mixers, panels, investor nights, and expos in NYC. He is also the Founder and CEO of SportsWonks which is a sports social network. Jason holds a B.A. from Montclair State University.
Nik has extensive experience in the startup industry, serving as the Creative Director for several funded and profitable companies, including Spongecell (Halo/IPG) and WorkMarket (USV/Spark Capital). Prior to the startup world, he was at Yahoo, where he was the lead designer for the OpenID/oAuth implementations, as well as the lead designer for all payment and checkout screens.
Vasu Kulkarni grew up in Bangalore, India, as the self proclaimed, biggest basketball fan in the world. Upon arriving in Philadelphia for college, Vasu joined the JV Basketball team at the University of Pennsylvania where he (barely) graduated with a degree in Computer Engineering and Entrepreneurship. Vasu is a basketball junkie, continuing to believe that he can be the first Indian to play in the NBA with his 7-days a week pick up routine. His moment of glory came when he sprained his ankle at Michael Jordan’s summer camp and got a bro-hug from the Legend himself. When he isn’t playing ball, he’s watching it – as CEO and Chief Intern of Krossover – a SaaS platform that saves coaches and athletes time by being an outsourced video coordination and analytics department. Krossover works with over 10,000 teams across the world to bring advanced analytics and video breakdown to every level of sports. Vasu is also the founding partner of Courtside Ventures, an early stage venture capital firm.
Stephen A. Murphy is the CEO of Boom Fantasy, one of the fastest growing new fantasy sports platforms. Boom has raised $3 million from top Silicon Valley investors, including Zynga founder Mark Pincus and the Stanford-StartX Fund. Prior to founding Boom, Steve served as the vice president of High 5 Games, the managing editor of Card Player Media, and the sports editor of two small-town newspapers. He has also advised MGM Resorts International on mobile gaming and fantasy sports.
Scott Nowers is the co-founder and CEO of Waypoint Media, an industry leading mar-tech platform for reporting and executing advertising content in eSports and live video. Our capabilities include chat, sponsorship and server-side video activations, all of which cannot be ad blocked. Scott is a lifelong entrepreneur, starting his first venture while attending Columbia University, a fashion company that was sold to Karmaloop for 1.5 MM USD. He moved into ad tech at AppNexus as a consultant for strategic accounts, helping Microsoft and Adobe build some of the world’s largest ad platforms. He founded Waypoint with three of AppNexus’ top data scientists, consultants and engineers, as well as his former pro-gaming partner and Schulich MBA graduate Auwal Odidi.
If you’re interested in learning more about hosting your event at Workville’s well-appointed, open-plan event space, please reach out: email@example.com
Workville members are the best of the best! We’re so proud of all of the successful startups who have offices with us, and we just wanted to take a moment to celebrate a few specific companies here at Workville. Congrats, everyone!
COMPANIES THAT ACHIEVED Y COMBINATOR FUNDING!
Function of Beauty – FoB recently announced the close of a new $9.5 million Series A funding round led by GGV Capital. FoB creates personalized shampoo and conditioner based on #hairgoals. Worvkille members friends and family use the product and we can attest to its greatness. It also makes a very clever, personalized gift item as well!
KidPass – Just completed Y Combinator’s 2017 winter class, KidPass offers one pass for all kids activities and classes in NYC. Their monthly subscription gives you access to kids activities at members-only prices. Get access to exclusive classes, camps, museums, and more.
COMPANIES THAT ANNOUNCED NEW FUNDING!
TVSquared – TVSquared recently announced an additional $6.5 million in funding. Working with more than 400 brands, agencies and networks in 50+ countries, TVSquared is the gold-standard for TV measurement and optimization. On average, TVSquared clients improve TV campaign performance by 20-80%.
Show-Score – This theater review-aggregator recently raised $2 million in new financing, which was led by media investment advisory firm The Seelig Group. Show-Score functions like a Rotten Tomatoes for theater. Score just 6 shows you’ve seen, and get a chance to win some free tickets! Show-Score has over 125,000 registered members who have written more than 200,000 reviews of NYC theater.
MEMBERS TO WATCH!
Gebni – Gebni is Workville’s youngest company. It is a new app for restaurants; their dynamic pricing algorithm optimizes off-peak delivery times. Customers save money because pricing drops during non-peak hours, while restaurants increase sales rather than throwing away food. Added bonus: this also cuts down on waste, which makes Gebni an environmentally friendly resource. Launched only four months ago, Gebni already has +200 restaurants onboard!
Lampix – Winner of SXSW BEST 2017 AR/VR startups, Lampix transforms any surface into a smarter surface. It all starts with a lamp, which masquerades as an ordinary lamp, but the functionality is way beyond the norm – users can scan to cloud storage, copy text from hard copies of documents and paste into text editor, live-stream changes made in collaborative mode by another user, and even integrate with other devices. The future has arrived.
Workville currently has one private office suite available starting May 1st for a 6-person startup team. Inquire today.
In a recent NYT Op-Ed, the Editorial Board writes, “In reality, there is no utopia at companies like Uber, Lyft, Instacart and Handy, whose workers are often manipulated into working long hours for low wages while continually chasing the next ride or task. These companies have discovered they can harness advances in software and behavioral sciences to old-fashioned worker exploitation, according to a growing body of evidence, because employees lack the basic protections of American law.”
Now 8, 9, 10 years into this new economy that includes self-employment companies like Uber, Airbnb, and Lyft, are things truly improving for the working class?
“Since workers for most gig economy companies are considered independent contractors, not employees, they do not qualify for basic protections like overtime pay and minimum wages.”
It was this basic US law that allowed Uber to grow quickly to 700,000 active drivers in the United States, nearly three times the number of taxi drivers and chauffeurs in the country in 2014. That’s 700,000 “independent contractors” who are not guaranteed the same rights as employees, though they often work longer hours and absorb significant work-related expenses.
But legal battles now ensue across the country, including a recent class-action lawsuit against Lyft brought by drivers in California. Lyft recently agreed pay $27 million to settle the suit.
As this new gig economy continues to grow, how can we ensure our workers are treated fairly. Even now, it seems that companies are encouraging workers to overextend, overwork, and sacrifice basic human needs, like, for example, sleep.
Just because you can do it, doesn’t mean you should. Though the companies that employ “independent contractors” seem to suggest otherwise.
That said, now may be the best time in history for entrepreneurs. Starting your own business is aspirational and working for yourself, not for one of these gig economy companies, may be the best solution.
Harley Finkelstein, COO of Shopify, writes on Fortune:
“In today’s world, entrepreneurs can take risks with their business model without risking their life savings.
The result: Startup activity is back on the rise in the U.S. after being at its lowest point in 20 years, with the rate of new entrepreneurs increasing by 15% over the past two years, according to the Kauffman Index of Startup Activity. That’s about 550,000 new business owners each month.”
And, of course, with supportive coworking spaces in NYC like Workville, where entrepreneurs can scale their workspace as they scale their business, and network with in-house VCs and other successful entrepreneurs, it seems our American entrepreneurial spirit will only continue to grow.