Cowork With Me?
On a muggy evening earlier this week, Betabeat made the short, sweaty walk down to AlleyNYC, a new 16,000 square foot coworking space at 500 Seventh Avenue and 37th Street. We had some inkling we might be onto the next big coworking hub when an entrepreneur on the elevator ride up to the 17th floor said he felt obligated to drop by because he heard about the space twice in one week.
Even after hours, the place was still humming with activity. The mats in the yoga room were unoccupied, but members milled about the lounge, worked heads down in one of the spacious main rooms or huddled with cofounders in the 24 private offices, which are already at capacity even though the space just opened in August. A new platform for entrepreneurs called SocialChange.is was setting up a demo and with bowls of pretzels and other snacks laid out for the event.
The vibe was remarkably congenial; high-fives, daps, and backslaps abounded.
If you hadn’t heard, office space in New York is increasingly hard to come by. The Hatchery, the startup advisory firm behind the infamously rigorous pitch events “Are You Serious?” and The Gauntlet, wants to help with that–and a whole host of other problems early-stage startups have to deal with, such as finding customers and growing revenue.
To that end, Hatchery founder Yao-Hui Huang is launching the Hatchery 500, named after the space’s address at 500 Seventh Avenue at 37th Street. The 16,000 square foot space offers shared desks ($450/month), dedicated desks ($850/month), and offices (starting at $3,100/month). There are plasma-enabled conference rooms and a 1 gig+ fiber connection. But the real draw is likely the collaborative milieu, which includes events, workshops and the chance to apply to something called the Sweat Fund. Please allow Ms. Huang to explain.