You may opt-out by. Prior to his current … Given the amount of effort it seems it would take to really get people to be working again from the office and the fact that currently, people are managing their businesses from home, why won’t businesses just keep working from home until this is truly over? But for Jamie Hodari, the CEO and founder of workplace operator Industrious, the workplace-as-a-service have some advantages over other companies or landlords at managing the return to work, given that their expertise is managing space at scale. It’s the easiest to visualize, it’s easiest to write an article about, and it’s the easiest for landlords and for the CBREs of the world to talk about, because that’s a space problem, and landlords and real estate services firms are in the business of space. We have an entire program in place called Continuous that is a wrapper for all of our COVID-19 response initiatives, and it involves everything from virtual assistance for our members, work from home kits, Slack communities for all of our locations that enable people to stay connected. In many ways, the prospects of a return to work seem particularly treacherous for the coworking industry as players like WeWork, Knotel and Convene, as well as Industrious, have laid off … TRD Staff Cushman & Wakefield CEO Brett White and Industrious CEO Jamie Hodari (Industrious; Cushman) Cushman & Wakefield is betting big … Most recently, I built and exited CoFoundersLab which is one of the largest communities of founders online. I think the best plans are going to start and end with what is different about a workplace than working from home, what are the reasons someone would want to return to that kind of environment? First of all, companies need a plan. Brooklyn's Wythe Hotel has teamed up with workplace designer Industrious to create rentable offices in its guest suites to cater to those who are … It’s funny, it’s been surprising the degree to which supporting customers virtually has resembled supporting customers in person. The return to work is going to be very complicated. Bean and Industrious announced the launch of the first ever outdoor coworking space. I am an active speaker and have given guest lectures at the Wharton School of Business, Columbia Business School, and at NYU Stern School of Business. Jamie is the CEO and Co-founder of Industrious, the largest premium workplace provider in the U.S. The majority of our businesses, our members, are small businesses with under 500 employees, and they don’t have the resources to navigate all of this the way that a Bank of America or a Pfizer can. Founded in 2013 by Jamie Hodari and Justin Stewart, the company provides members with stunning offices, inviting hospitality, and inspiring communities. Where a lot of spaces are opening up in highly amenitized beautiful retail spaces. Jamie Hodari, chief executive of Industrious, a rival co-working business, said Mr. Neumann had tried hard to tempt his customers away. “There’s little to no skepticism about … The company launched in 2013 and has 50 locations across the country similar in size to what will open at the mall, CEO Jamie Hodari … That prospect does excite some rivals. Industrious is now even putting co-working spaces in malls. And that includes protocols like under what circumstances someone stays home, temperature readings, and hopefully antibody testing, and then potentially rotational programs that minimize the percentage of a team that’s in the office in any given block of time. Think 30 to 60-year-olds typing to Otis Redding, not post-frat bros blasting Tupac, says Industrious CEO Jamie Hodari. The inefficiencies he witnessed there led to the creation of Kepler, a new kind of university. Industrious CEO Jamie Hodari told The Wall Street Journal one indicator of the trend taking hold is the big increase in tenants working out deals in multiple buildings, not just one. This certainly not only applies to customer acquisition but raising venture capital too. Author of The Art of Startup Fundraising & Serial Entrepreneur, Jamie Hodari is an entrepreneur at the apex of these two trends. Sheldon Adelson, Las Vegas’ Makeover Artist. Under his leadership, Industrious has grown to over 95 locations across more than 50 cities, achieving the best unit economics in the industry, and pioneering the evolution to landlord partnerships over traditional leases. Industrious CEO Jamie Hodari (pictured) told PitchBook that he expects his company to become profitable as early as 1Q 2020. They had a good fit in terms of skill sets. If that headquarters was in Armonk, New York, tough luck. This mass national natural experiment with the entire country, or, all white-collar office workers working from home for months at a time, is going to dramatically accelerate that shift. But there’s a lot of questions around whether that’s sufficient, and whether it’s less about that and more about air circulation, and disinfecting contact points, and protocols for shared spaces. Tuition was just $1k a year, with IKEA becoming a big funder for the initiative. Obviously, that’s been enabled by changes in technology that make it more reasonable to have a more distributed workforce. They committed. Since then there’s been this gradual but very noticeable shift towards companies distributing their workforces across the country where they have a medium-sized headquarters, and then lots and lots of regional offices so that they can meet their customers and they can meet their, their workforce where they are. The long term impact is, I think, this is going to accelerate the way companies have organized their workforces over the last 20 or 30 years. What does the workplace have to offer that can’t be done at home? I am a serial entrepreneur and the author of the The Art of Startup Fundraising. Jamie has 5 jobs listed on their profile. Happy 2021! It’s basically focused on how to make working from home a less isolating, more productive and engaging experience. Jamie Hodari, Founder and CEO, stated during his 2018 GCUC presentation that progressing the company’s growth would focus on signing more management agreements. Tech Forecast. There is a moment right now where retail is shifting. Jamie Hodari, Industrious chief executive officer, discusses the company's competitive environment and expansion plans with Bloomberg's Caroline Hyde, … They were struggling to manage everything going on in their life in a way that didn’t feel. Solomont Wythe Hotel at 80 Wythe Avenue in Brooklyn and Industrious’ Jamie Hodari Faced with a glut of empty rooms, the Wythe Hotel in … In his exclusive interview on the, The pros and cons of a lawyer brain in entrepreneurship, Fundraising and relationship building with investors, Why managing people is 90% of your business’ success, America's Top Givers: The 25 Most Philanthropic Billionaires, EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change, Looking Past The Pandemic: ESOPs, Employee-Ownership Companies Set To Outperform In Anticipated 2021 Recovery, How A Cook From NYC Turned His New Restaurant In Arkansas Into A Pandemic Haven, Diverse Teams Help Leaders Evolve, Especially In Troubled Times, 4 Hot SaaS Startups That Are Paving The Way For Effective Remote Teams. You have HVAC systems that have a single zone and treat the entire open floorplan, so you have hundreds of people with the same set of circulating air. One way to think of it is in a co-working space, your workspace, where you spend 90 percent of your day is private, and the shared experiences are shared, but you can turn those off. © 2021 Forbes Media LLC. It was so bad he moved the meeting to a coffee shop. The second is, mitigating the spread. | Industrious is the largest premium flexible workspace provider in the U.S. with over 95 locations in more than 50 cities. The reality is, a lot of our members were pointing out that they were struggling just to get by. With the coronavirus pandemic waning in some parts of the world, and raging in others, companies are preparing for a return to work in an uncertain and uneven atmosphere. There are very few challenges you're going to face that a thousand people haven't already faced before. You had to go live somewhere near Armonk, New York. The New Year Holds Hope And Promise For Startups. “If you read the criticisms of WeWork a few years ago, it was that this was just a trend, a flash in the pan charging for offices near the ping-pong table,” says Jamie Hodari, CEO of Industrious, a national coworking company. Industrious' co-working space will join the mix in January. Opinions expressed by Forbes Contributors are their own. ... according to Mr. Hodari. In his exclusive interview on the DealMakers Podcast , Hodari streamed us his scoop on the future of work … And so a lot of our resources, and where we’re putting a lot of our time right now, it’s around broader forms of support, you know, free therapy via a series of partnerships that we put in place, telemedicine, etc. Industrious CEO Jamie Hodari said he plans to list his company's co-working spaces on the platform and may eventually consider changing the name, brand and user interface. And that’s a tough setup in order to mitigate both spread via airflow and spread via contact. Customers get private office space for 1 … If certain types of events have a 50 percent in-person participation rates, they tend to have a 50 percent digital participation rate. "About eight weeks ago, companies said to us that once things reopen, people will want to go to work but no one wants to go to work five days a week," Industrious CEO Jamie Hodari said Despite crossing a lot of early business ideas off the list due to others becoming the first movers, Jamie Hodari has come to appreciate the value of competition, and even moving into town with them. To address distancing, sterilization or disinfection and then mitigating spread, it will involve a series of architectural changes and then a series of behavioral interventions. He says going to markets where you have other players actually works in your favor. In many ways, the prospects of a return to work seem particularly treacherous for the coworking industry as players like WeWork, Knotel and Convene, as well as Industrious, have laid off hundreds of workers and closed locations, and in some instances, are struggling to make rent. That evening he talked to his now cofounder in Industrious, Justin Stewart, and hatched the idea to make a change. And what kind of engagement are you seeing from your members in these virtual services? I feel very strongly about that particular point. The future of work and workspace is changing fast, and perhaps a lot faster than we think. Prior to Industrious, Jamie was CEO of Kepler, a hedge fund analyst at Birch … Jamie recalls going to prepare for the meeting with him, and the conference room table was sticky, half of the lightbulbs were out, and there were people walking around in cargo shorts. Jamie had a meeting with the president of IKEA in New York. As we return to work, there will need to be health protocols and interventions in place — how do you think shared workspace operators are positioned, relative to either traditional landlords or companies, to be prepared for that? This form of outsourcing workspace and revolutionizing the way we use real estate could have the potential to make even greater leaps over the next few years thanks to a whole horde of new hyper-growth tech startups. collections. Our professional atmosphere and thoughtfully-designed workspaces can accommodate companies of all sizes and stages — from startups to Fortune 500s. So I think you’re gonna see the shift to workplaces-as-a-service probably accelerate coming out of this crisis relative to what would have been the trajectory before. Aug.22 -- Jamie Hodari, Industrious chief executive officer, discusses the company's competitive environment and expansion plans with Bloomberg's … We have an entire program in place called Continuous that is a wrapper for all of our COVID-19 response initiatives, and it involves everything from virtual assistance for our members, work from home kits, Slack communities for all of our locations that enable people to stay connected. Then Jamie moved onto a hedge fund, learning financial modeling, accounting, and real-world applications. And on the other hand, I think times of crisis or shocks to the system tend to really accelerate the shift to outsourcing industries like our own. You just have to show them that you are the best. Commercial Observer caught up with Hodari to hear about how Industrious is engaging with their members now, how they’re prepping for the return to work, and the lasting ways in which pandemic will change the way we work. Jamie says he always had a list of business ideas starting from maybe 23 or 24 years old. In his exclusive interview on the DealMakers Podcast, Hodari streamed us his scoop on the future of work and disrupting 50 years of workspace design. They ended up getting 600 applications for their first coworking spaces before they even opened their first 60-something spots. What’s next for hardware, software, and services. When we first launched this, it was more focused on productivity at home and how you recreate your office and work environments or bring the best parts of that home. One simple test is if you could say to your employees, how would you answer this question: “If I could get to the office safely, would I rather be there than at home?” A lot of the return to work is going to require the answer to that question to be “Yes” for most people. The Pandemic Took Sales To Zero. Last week L.L. You have much smaller HVAC runs that can be controlled more deftly. What are the interventions that companies, from medium-size firms to giant corporate headquarters to coworking spaces, will have to have in place in order for people to return to work safely? And so a lot of our resources, and where we’re putting a lot of our time right now, it’s around broader forms of support, you know, free therapy via a series of partnerships that we put in place, telemedicine, etc. He was constantly reranking them and crossing them off the list if someone else started it. Ultimately, Hodari … I’ve always found that the best founders are not the best visionaries or people that just sell, sell, sell. The book offers a step-by-step guide to today‘s way of raising money for entrepreneurs. “We’re jumping out of our seats right now,” said Jamie Hodari, the CEO of Industrious, with sites in 33 American markets. I have been involved with the JOBS Act since inception and was invited to the White House and the US House of Representatives to provide my stands on the new regulatory changes concerning fundraising online. Under his leadership, Industrious has grown to over 90 locations across more than 45 cities, has achieved the best unit economics in the industry, and pioneered the evolution to landlord partnerships over traditional leases. They also invested a lot in strategy early. His first company became Kepler. By E.B. I see people putting out reports about the return to work and reports on the workplace that take for granted that essentially people are going to be forced to return to work by their bosses. (Source: Bloomberg) "I was running an experimental university in East Africa that was half online and half offline," he explains. "Our offices were in a shared space and one day, I had an extremely important meeting with the president of our largest funder." A native of Detroit and a self-professed night owl who finds his most productive times are from 11:30 a.m. until 2 a.m., Hodari holds a J.D. Looking ahead at the return to work, what are you working on now to prepare for the transitionary period as we move from working from home full-time to going back to the office? With a foreword by ‘Shark Tank‘ star Barbara Corcoran, and published by John Wiley &…. On the architectural side, the vast majority of American workplaces are giant open floorplan pits, which are really, really, really thorny for the problem at hand. He attended Columbia, Harvard, and Yale. With the coronavirus pandemic waning in some parts of the world, and raging in others, companies are preparing for a return to work in an uncertain and uneven atmosphere. Kepler reversed the lecture-homework standard, creating video-based lectures at home, and group exercises at school. But This Alexandria Baker Wasn’t About To Let Her Employees Down. Listen in to the full podcast episode to find out more, including: I am a serial entrepreneur and the author of the The Art of Startup Fundraising. As of our interview, Industrious had already raised $150 million, and was one their way to $300 million, with investors like Fifth Wall and Riverwood Capital. The office — on your terms. It just didn't feel sufficiently professional. It's people that are really good at storytelling. Choosing journalism has been perhaps a great asset for this entrepreneur when it comes down to mastering storytelling. Industry: Real Estate, FinanceKey Achievements: Hodari is co-founder and co-CEO of Industrious, a flexible office space concept. Industrious is the premium coworking company of choice. In the average workplace, the work environment is shared. One which is now a network with multiple campuses. It’s much harder to control contact points or interactions in that way. When Jamie Hodari founded his co-working company, Industrious, it was from a place of genuine personal need. sustainable. In terms of [tactical] intervention, you need to minimize the chance that someone with COVID enters the work environment in the first place. There will be a negative impact of what looks to be a protracted recession, including customers who are shrinking or who go out of business altogether. Credit: Industrious. Jamie Hodari CEO of Industrious “At a time when customer sentiment and behavior was the key to good decision-making , Elucd helped us--and the entire sector--understand how people’s opinions and behavior were shifting in real-time. It makes things easier. Our annual guide to the businesses that matter the most Allwork.Space spoke with Jamie Hodari, CEO of Industrious, to learn more about the outdoor coworking concept. It’s good to get tactical and start focusing today on what the actual set of interventions are going to be, but for most businesses, they haven’t yet even set up a strategic plan to navigate this. Jamie Hodari is the CEO of Industrious, the US' largest premium workplace provider. Nobody can credibly say right now, “We got this, this is gonna be easy.” That being said, outside of Google and Facebook and the Goldman Sachs of the world that have 18-person disaster planning teams and all the resources in the world. And the interaction points are private, like the meeting room, the cafe, etc. Justin had been his next-door neighbor since they were two years old. Right now, the company’s focus is primarily on serving our members virtually. The reality is, a lot of our members were pointing out that they were struggling just to get by. To Jamie, that means “the most powerful tool you can have as an entrepreneur is a keen, curious appetite for listening.” There’s a reason we have two ears, but only one mouth. Having other competitors in the market making that case at the same time, running digital ads against that, getting press against that, people show up at meetings at one of those competitor spaces all open their eyes to the possibility. Jamie Hodari is an entrepreneur at the apex of these two trends. Industrious | 28,640 followers on LinkedIn. Commercial Observer: Let’s start with what you’re working on now, and how you’re thinking about the next three months. If you try to logic your way through everything and assume that you're going to come to a better conclusion than all the people that have come before you have, you're much less likely to succeed than, if you're willing to be humble and do everything you can to learn what other people are thinking and have experienced. 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