Work It WeWork
Work It WeWork
WeWork Labs, the coworking space for early-stage startups, which moved to 17,000 square foot space in March, is planning on doubling its size. By July, the incubatorish offices will occupy both the third and fourth floor of 175 Varick Street. Applications are welcome for June, but it’s already at capacity now with more than 100 startups, including Longreads, Fitocracy, Scrollkit, and Material Wrld.
WeWork, the cooperative workspace that cofounder Adam Neumann calls “the world’s first physical social network” just raised $6.85 million as they prepare to open yet another space in New York and their first in Los Angles.
The company, which rents office and desk space to startups, entrepreneurs and small businesses for as low as $275 a month is already up and running in California with their San Francisco office.
Mr. Neumann told Betabeat that this second round of capital was raised over a short period of time and explained that WeWork has had had various investment offers, but are picky about who they choose to work with.
“We try to choose only ‘we’ investors. Not just anyone we who offers us money— investors who have a ‘we’ mentality which means they care about the bigger picture… and think collaboration is the future of innovation,” said Mr. Neumann.
Leave it to Observer friend and alum Laura Kusisto to rectify the cold shoulder The Wall Street Journal has been turning toward Silicon Alley’s very own co-working movement with some big news, potentially of the world historical variety.
WeWork has apparently locked down 74,000 sq. ft. on 175 Varick Street near the Holland Tunnel to give techie types a shared space away from home. It boasts a ridonkulous 700 desks and all the proper startup accountrement: scooters, pool tables, and video games.