5 Successful Start Ups Nurtured in a Coworking Space
Coworking space has become an incubator for numerous young and enthusiastic entrepreneurs sharing a workspace on their path to success. It has grown from a small room for a bunch of geeks into a huge industry with dozens of new coworking spaces opening in different parts of the world. As the community of entrepreneurs grows, so does coworking expand turning into something more than an ordinary workspace. The place of innovative ideas, vivid energy and child-like enthusiasm nurtured under its roof ones of the most successful start ups of our century. Let’s recall the famous companies which started their career in a coworking space.
Instagram, the ground-breaking application of the last decade, was sold to Facebook for a $1 billion shortly after its foundation in 2010. The successful start up which has affected the lives of a whole generation was actually working in Dogpatch Labs, a coworking space in San Francisco. During usual brainstorming about the development of their initial application ‘Burbn’, Kevin Systrom and Mike Krieger came up with the new concept of social network which became an international phenomenon. Sharing ideas and co-working turned an unknown application into an influential social network which now plays an important role in our daily life
One evening in early 2008, Travis Kalanick and Garrett Camp had trouble hailing a cab. So they came up with a simple idea—tap a button, get a ride. The company which is now running in 617 cities around the world, started its journey in a coworking space, surrounded by lots of other entrepreneurs. Uber launched a major part of their operation in ‘The Yard’, a coworking space in New York.
A social project focused on delivering clean water to every part of developing world has started at WeWork in 2006. The famous charitable organization collaborates with lots of companies in order to decrease their expenditure for a non-charity related things, so that 100% of the donation go straight to solving the problem of water crisis. Coworking helped Charity:Water with cutting their office expenses, while business connections with other companies helped with minimizing costs in other fields. Consequently, they were able to focus all their funds on social welfare. Sharing and helping is in part of the key values in both coworking space and Charity:Water.
Indiegogo was founded by a Wall Street analyst, Danae Ringelmann. This is a platform to raise funding for young entrepreneurs who have amazing ideas but no financial capability to develop them. Indiegogo has been working from a coworking space, an ideal place to discover new startups who could potentially use their platform. The platform raised more than $1 billion, supported over 650,000 projects in 223 different countries – impressive for a little company started at a coworking.
Wanderfly was a web platform which put travel experience onto the next level. The idea behind Wanderfly was both inspiring people to travel and instantly delivering them booking services. The founders, Evan Schneyer, Christy Liu and Cezary Pietrzak were working from a coworking space while raising their funding reaching their first million dollars during the first year. The company gained such an incredible success that only a year after its launch, Wanderfly was acquired by a global travel giant, TripAdvisor, for an undisclosed sum.
These are the stories of only five start ups boosted their success in a coworking space. These are only a few examples showing that coworking is not only about cutting costs – it is the birthplace of inspiration, interesting connections and communal development. These entrepreneurs were just like you, sitting behind the screen and reading this article. Maybe a new Instagram is sitting a couple of tables after yours, or the new Instagram is you? The environment of progress and constant motion motivates to move forward and think big. If they can, why can’t you?