Office space can be a drain on resources for start-up companies. Most landlords and commercial real estate brokers demand 3-5 year lease terms and personal guarantees when securing an office. This is usually not an ideal requirement for new companies who are looking to grow and avoid extra liabilities. I recommend thinking creatively about what your office space needs are and what they might be. I’ve found that thinking ahead and identifying creative approaches to office space can be a great way to save time and money
PivotDesk, on the other hand, goes beyond renting a single desk to offer whole (small) companies the opportunity to cowork or sublease from other companies with excess space. Desktime is a nationwide marketplace of third-party coworking spaces. LooseCubes attempted to offer New Yorkers a members-only coworking network, but the company was free to use and shut down in November, just five months after raising $7.8 million. In the commercial retail market, StoreFront helps match online retailers and indie-designers with vacant retail space for use as pop-up shops.
PivotDesk – They make it easy for startups and offices to handle payments, manage legal docs, and deal with the details that go along with sharing a work space.
PivotDesk lets you find a place for your startup without splurging for office space you might never end up needing (or, better yet, quickly outgrow).
“Throughout all of my startup work, I kept seeing the same, stupid pain point,” explains David Mandell, CEO of PivotDesk. “Individuals spent about 25 to 30 percent of their time trying to figure out where to set up their business instead of focusing on their actual business.”
Mandell, in an effort to give back to the startup community that has given him so much, has crafted an intensely innovative solution to said problem. PivotDesk, his newest startup, removes the pain of finding available office space.
Sometimes it feels like all technology roads lead to the New York Tech Meetup. Fresh from Boulder, CO, David Mandell and the team from PivotDesk took the stage at last night’s gathering here to introduce themselves to the New York tech community. PivotDesk helps startups find space they can rent by connecting them with other businesses that have excess room to share.
Ask any entrepreneur about what it’s like finding the right office space for their company, and they’ll probably respond with a grimace and some grumbling. Few light up at the thought of it. Founders have enough to worry about in trying to build an awesome product, please their customers, find quality talent and raise money without adding the struggle to find office space to the list. Part of the reason why it’s such a pain in the butt to find great office space is that, traditionally, the process has lived offline, confined to a world of brokers and their proprietary data, little to no transparency, and long-term leases.
When building a company, entrepreneurs have enough challenges, like perfecting their product and finding customers. Playing the guessing game about how much office space they need shouldn’t have to be one of them.
That’s what David Mandell, co-founder and CEO of PivotDesk, thinks. The Boulder, CO.-based company and TechStars Boulder 2012 alum has created an online marketplace that helps early stage startups find the right location while helping larger startups fill their extra space.
BOULDER, CO--(Marketwired - Apr 16, 2013) - Today, PivotDesk announced the official launch of their company and the immediate expansion of startup space salvation in New York, San Francisco and the greater Denver area. PivotDesk was founded to help entrepreneurs find room for growing their businesses by connecting them with host companies that have space to spare. The company was born out of the TechStars program and has raised over $3 million in Series A funding backed by Foundry Group.
Finding real estate to meet your companies needs can be a frustrating task. Doing so for a rapidly growing startup, whose headcount, and thus space needs, are constantly changing can be nearly impossible. The problem is that the commercial real estate market in most cities is setup to require long term leases, a concept that is fundamentally at odds with the realities of a growth stage business.
PivotDesk, which is launching out of public beta today in New York, San Francisco, Denver, and Boulder has a unique solution to this problem in its startup office-sharing marketplace.