3 Coworking Success Stories
Shared office space is no longer just a way for freelancers, independent professionals, and tiny startups to cut costs on office rentals. While cutting costs can allow startups to jump start their business, coworking also allows for collaboration and networking. The valuable connections made in shared office space can benefit your business and create more opportunities in the future. Take inspiration from these three prospering multimillion corporations, each of which has its origins in shared office space.
Uber, as one of the largest rideshare providers, has it's origins in coworking space in New York and San Francisco. Represented in 80 countries, Uber has grown to become worldwide. Back in 2011, a team of 8, including the co-founders Travis Kalanick and Garrett Camp operated from RocketSpace – a tech space in San Francisco. Uber has also expanded to Uber Eats, Uber Freight and Uber Help offering various transport-related services.
Spotify is another example of successful startups. Just like Uber, Spotify began in RocketSpace, a coworking space in San Francisco. Currently, this streaming service’s audience comprises 159 million active users, its annual revenue equals nearly $5bn (in 2017), and its value is estimated at $8 billion.
Instagram also has its origins in coworking space, and has rapidly grown to become massively popular across the globe. As another example of successful startups, Instagram has revolutionized social media platforms. The new concept of social media designed by Kevin Systrom and Mike Krieger was purchased by Facebook for a $1 billion.
As these examples of multimillion companies shows, successful coworking may take a new startup to heights that no one can predict. A shared workspace may be the key for your business to mobilize. Hourly office rentals and boardroom rentals are available in Coquitlam, BC. Your virtual office awaits.