For most businesses, it’s the CEO trying to scroll through articles online and figure out what best practices are and that’s a tough spot to be in. 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. I am a serial entrepreneur and the author of the The Art of Startup Fundraising. 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. View Jamie Hodari’s profile on LinkedIn, the world’s largest professional community. 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. You may opt-out by. 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? Industrious is now even putting co-working spaces in malls. Jamie Hodari is an entrepreneur at the apex of these two trends. You have much smaller HVAC runs that can be controlled more deftly. “There’s little to no skepticism about … And what kind of engagement are you seeing from your members in these virtual services? Jamie Hodari studied in not one, but in three Ivy League level schools. Most recently, I built and exited CoFoundersLab which is one of the largest communities of founders online. 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. 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. 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. By E.B. It pushes more people into the market. Their New York offices were in a shared workplace. Hodari is a founding partner of Industrious, which has been constructing its first outpost in New York. It has raised $222 million in funding to date and has coworking spaces in over 100 locations in 50 cities. 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? What does the workplace have to offer that can’t be done at home? If that headquarters was in Armonk, New York, tough luck. It just didn't feel sufficiently professional. 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. “We’re jumping out of our seats right now,” said Jamie Hodari, the CEO of Industrious, with sites in 33 American markets. Customers get private office space for 1 … 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. That prospect does excite some rivals. In the medium term, once people start going back to work before a vaccine is in place, for our industry — shared office providers — and for all companies, it’s going to be a complicated time, with very powerful, conflicting or competing forces at play. You had to go live somewhere near Armonk, New York. Over the past couple of years, the company has worked on reaching that goal. Bean and Industrious announced the launch of the first ever outdoor coworking space. And International Workplace Group, a publicly-traded workspace provider based in Switzerland and listed on the London Stock Exchange, is already profitable. They went on and started raising the money. George Clooney's wife apparently was also a lawyer there. The future of work and workspace is changing fast, and perhaps a lot faster than we think. 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. sustainable. How do you figure out how to minimize distractions, keep up energy levels and focus on what can be a really complicated way to be working? Most Innovative Companies. 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. The same firm Peter Thiel, cofounder of Paypal, also worked at before he was an entrepreneur. Right now, the company’s focus is primarily on serving our members virtually. You want to create distance between employees and I think that’s probably where most attention has been paid today. They were struggling to manage everything going on in their life in a way that didn’t feel unsustainable. ... according to Mr. Hodari. That is a lot more expensive, more time-consuming, lower ROI proposition than convincing an already motivated customer that you're the best option among their solution set. That evening he talked to his now cofounder in Industrious, Justin Stewart, and hatched the idea to make a change. "I was running an experimental university in East Africa that was half online and half offline," he explains. 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. He left the hedge fund to take over a large private college scholarship program for orphans of the Rwandan genocide in Rwanda. The return to work is going to be very complicated. He continues to love education and hasn’t ruled out going back to it one day. Justin had been his next-door neighbor since they were two years old. “Oasis Enterprise lets building owners deliver what their customers increasingly are looking for: a hub-and-spoke office option that offers a consistently high-quality experience across satellite locations,” said Jamie Hodari, Co-Founder and CEO of Industrious. I feel very strongly about that particular point. 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. Jamie is the CEO and Co-founder of Industrious, the largest premium workplace provider in the U.S. Looking back he says perhaps “I could have saved five years of my life if I just took the plunge straight out of school.”. The Pandemic Took Sales To Zero. Jamie Hodari is the CEO and Co-founder of Industrious, the largest premium workplace provider in the U.S. 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. Happy 2021! Jamie has 5 jobs listed on their profile. In the 60s and 70s and throughout the 80s, the vast majority of headcount for most businesses worked in headquarters. Credit: Industrious. 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. 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. It’s basically focused on how to make working from home a less isolating, more productive and engaging experience. Jamie Hodari: Right now, the company’s focus is primarily on serving our members virtually. Jamie says he always had a list of business ideas starting from maybe 23 or 24 years old. If certain types of events have a 50 percent in-person participation rates, they tend to have a 50 percent digital participation rate. Jamie Hodari is CEO and co-founder of Industrious, a national coworking and workplace-innovation company. I’ve always found that the best founders are not the best visionaries or people that just sell, sell, sell. 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 … There is a moment right now where retail is shifting. And the interaction points are private, like the meeting room, the cafe, etc. First of all, companies need a plan. Without that, you are spending a lot more time and money on customer education, on describing why they would want to work with you in the first place before you ever get to why you should be the partner they pick. With a foreword by ‘Shark Tank‘ star Barbara Corcoran, and published by John Wiley & Sons, the book was named one of the best books for entrepreneurs. It's people that are really good at storytelling. 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. They also invested a lot in strategy early. The New Year Holds Hope And Promise For Startups. Industrious CEO Jamie Hodari (pictured) told PitchBook that he expects his company to become profitable as early as 1Q 2020. In terms of [tactical] intervention, you need to minimize the chance that someone with COVID enters the work environment in the first place. Our annual guide to the businesses that matter the most Choosing journalism has been perhaps a great asset for this entrepreneur when it comes down to mastering storytelling. You just have to show them that you are the best. 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. Prior to his current … 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? Obviously, that’s been enabled by changes in technology that make it more reasonable to have a more distributed workforce. Industrious CEO Jamie Hodari discusses WeWork's upcoming IPO and its place in the office-sharing market on 'Bloomberg Markets: The Close.' 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