The San Francisco Bay Area is filled with hundreds, if not thousands, of entrepreneurs and fledgling startups who want to make it big. But often what new startups may encounter is trouble finding suitable office space in which they can work at. Sure, you can always go to a nearby Starbucks or a cafe where you sit but one of the troubles of doing that is the endless amount of distractions for the team–loud noises, limited seating time, potential Internet issues, must purchase items periodically, etc. So what can a startup do? You might suppose that working out of a home or an apartment would be good, but that could get a bit tedious and maybe a slight bit uncomfortable after a while–finding a place that can separate work and life might be more suitable. And then you’re working 24 hours a day in the same place without any contact with the outside world? That can’t be healthy.
So what’s there for a young company to do? Maybe take a look at the coworking movement–this global phenomenon that is made up of people who believe in the principles of collaboration, openness, community, accessibility, and sustainability, can be a great opportunity for startups to meet other people and help grow their idea from simply that into a successful concept. Right here in San Francisco, there are numerous places for that to happen. From places like Citizen Space to pariSoma and even others like Rocketspace, Dogpatch Studios, The Hatchery, Sandbox Studios, Founders Den, and more, there’s a lot of different options for companies to go for. But each one has their very own specialty and limitations.
But enough about what’s already here…we’re going to talk about one of the newest additions to the coworking movement and to the San Francisco tech community. It’s called WeWork Labs and it’s set to open its doors this Monday right in the heart of the SoMA district in San Francisco. If the name sounds familiar, then you’re right, because it’s the latest expansion by WeWorks in the United States. It first started in April 2011 in New York City and now houses more than 200 entrepreneurs who work on more than 100 companies. The labs portion of WeWorks is their early-stage arm aimed at fostering the growth of young startups and raised $6.85 million in January. WeWorks has been pretty successful with the companies that have walked through its doors–many of them have gone off to acclaimed success with Y Combinator, TechStars, 500 Startups, and many others. Now, they’re setting their sights on the San Francisco tech scene. (more…)