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? The Pandemic Took Sales To Zero. The inefficiencies he witnessed there led to the creation of Kepler, a new kind of university. (Source: Bloomberg) 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 … Right now, the company’s focus is primarily on serving our members virtually. It’s basically focused on how to make working from home a less isolating, more productive and engaging experience. Our professional atmosphere and thoughtfully-designed workspaces can accommodate companies of all sizes and stages — from startups to Fortune 500s. 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. The setup of a coworking operator — like a private office coworker operator like Industrious — where you have hundreds of individual offices of one to four people, is a much better setup for this. 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. 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 continues to love education and hasn’t ruled out going back to it one day. You want to create distance between employees and I think that’s probably where most attention has been paid today. Most recently, I built and exited CoFoundersLab which is one of the largest communities of founders online. There is a moment right now where retail is shifting. But This Alexandria Baker Wasn’t About To Let Her Employees Down. Opinions expressed by Forbes Contributors are their own. 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. Industrious CEO Jamie Hodari (pictured) told PitchBook that he expects his company to become profitable as early as 1Q 2020. All Rights Reserved, This is a BETA experience. 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. Our annual guide to the businesses that matter the most 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. It pushes more people into the market. With a foreword by ‘Shark Tank‘ star Barbara Corcoran, and published by John Wiley &…. 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. Then Jamie moved onto a hedge fund, learning financial modeling, accounting, and real-world applications. 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. The same firm Peter Thiel, cofounder of Paypal, also worked at before he was an entrepreneur. What does the workplace have to offer that can’t be done at home? By E.B. You may opt-out by. In his exclusive interview on the DealMakers Podcast , Hodari streamed us his scoop on the future of work … Jamie Hodari. 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. 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. When Jamie Hodari founded his co-working company, Industrious, it was from a place of genuine personal need. They went on and started raising the money. What’s next for hardware, software, and services. George Clooney's wife apparently was also a lawyer there. Last week L.L. Industry: Real Estate, FinanceKey Achievements: Hodari is co-founder and co-CEO of Industrious, a flexible office space concept. Jamie says “I think we probably built an executive team with a deep strategic background, with a bit more experience than would be normal for a company of that size.”. 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. They were struggling to manage everything going on in their life in a way that didn’t feel unsustainable. 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. 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. He attended Columbia, Harvard, and Yale. He was constantly reranking them and crossing them off the list if someone else started it. collections. Jamie Hodari studied in not one, but in three Ivy League level schools. How The Global Pandemic Became An Inflection Point For Drones, The Voices Of Entrepreneurs, From Arkansas To Appalachia To Montana, Learn Public Health Skills To Keep Your Business Healthy. Commercial Observer: Let’s start with what you’re working on now, and how you’re thinking about the next three months. Jamie Hodari is the CEO and Co-founder of Industrious, the largest premium workplace provider in the U.S. They also invested a lot in strategy early. They ended up getting 600 applications for their first coworking spaces before they even opened their first 60-something spots. If certain types of events have a 50 percent in-person participation rates, they tend to have a 50 percent digital participation rate. They were struggling to manage everything going on in their life in a way that didn’t feel. Looking back he says perhaps “I could have saved five years of my life if I just took the plunge straight out of school.”. In the 60s and 70s and throughout the 80s, the vast majority of headcount for most businesses worked in headquarters. 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. That evening he talked to his now cofounder in Industrious, Justin Stewart, and hatched the idea to make a change. It just didn't feel sufficiently professional. And the interaction points are private, like the meeting room, the cafe, etc. The future of work and workspace is changing fast, and perhaps a lot faster than we think. And what kind of engagement are you seeing from your members in these virtual services? I am a serial entrepreneur and the author of the The Art of Startup Fundraising. It was so bad he moved the meeting to a coffee shop. The book offers a step-by-step guide to today‘s way of raising money for entrepreneurs. It’s much harder to control contact points or interactions in that way. 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? The return to work is going to be very complicated. In the average workplace, the work environment is shared. He left the hedge fund to take over a large private college scholarship program for orphans of the Rwandan genocide in Rwanda. So we’ve become a particularly important partner in navigating all of it. Tuition was just $1k a year, with IKEA becoming a big funder for the initiative. Places where you have 20 restaurants to choose from, and you're in a space that's already built to serve a lot of different needs of people, rather than in a more inert static space like an office building. Where a lot of spaces are opening up in highly amenitized beautiful retail spaces. 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. In terms of [tactical] intervention, you need to minimize the chance that someone with COVID enters the work environment in the first place. 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. The second is, mitigating the spread. Sheldon Adelson, Las Vegas’ Makeover Artist. It's people that are really good at storytelling. 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. First of all, companies need a plan. “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. 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. Jamie Hodari is an entrepreneur at the apex of these two trends. It makes things easier. Over the past couple of years, the company has worked on reaching that goal. 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. It’s funny, it’s been surprising the degree to which supporting customers virtually has resembled supporting customers in person. 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. He says going to markets where you have other players actually works in your favor. They committed. 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. 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. Happy 2021! Customers get private office space for 1 … Jamie has 5 jobs listed on their profile. "I was running an experimental university in East Africa that was half online and half offline," he explains. At just 22, and after learning Hindi and Urdu in college, he went to work as a reporter in Delhi for the Times of India. After law school, Hodari went to work in project finance with one of the top law firms in NY, Sullivan & Cromwell. 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. Founded in 2013 by Jamie Hodari and Justin Stewart, the company provides members with stunning offices, inviting hospitality, and inspiring communities. Hodari is a founding partner of Industrious, which has been constructing its first outpost in New York. For the other 95 percent of the country I think operators like Industrious are going to be the safest most proactive workplace environments that do the best job of tackling them the moment at hand. 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? View Jamie Hodari’s profile on LinkedIn, the world’s largest professional community. You have much smaller HVAC runs that can be controlled more deftly. One which is now a network with multiple campuses. Jamie Hodari: Right now, the company’s focus is primarily on serving our members virtually. I feel very strongly about that particular point. 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. The office — on your terms. 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. Most Innovative Companies. Prior to his current … 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. Kepler reversed the lecture-homework standard, creating video-based lectures at home, and group exercises at school. Jamie Hodari, Industrious chief executive officer, discusses the company's competitive environment and expansion plans with Bloomberg's Caroline Hyde, … There are very few challenges you're going to face that a thousand people haven't already faced before. 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. 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. And International Workplace Group, a publicly-traded workspace provider based in Switzerland and listed on the London Stock Exchange, is already profitable. Jamie Hodari is an entrepreneur at the apex of these two trends. “We’re jumping out of our seats right now,” said Jamie Hodari, the CEO of Industrious, with sites in 33 American markets. Solomont Wythe Hotel at 80 Wythe Avenue in Brooklyn and Industrious’ Jamie Hodari Faced with a glut of empty rooms, the Wythe Hotel in … “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. 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 is now even putting co-working spaces in malls. This certainly not only applies to customer acquisition but raising venture capital too. Jamie Hodari, chief executive of Industrious, a rival co-working business, said Mr. Neumann had tried hard to tempt his customers away. By comparison, WeWork lost more than $1 billion last year. sustainable. 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? "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 His first company became Kepler. It has raised $222 million in funding to date and has coworking spaces in over 100 locations in 50 cities. Industrious' co-working space will join the mix in January. 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. 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. Jamie says he always had a list of business ideas starting from maybe 23 or 24 years old. 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. 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? 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 … Jamie Hodari, Founder and CEO, stated during his 2018 GCUC presentation that progressing the company’s growth would focus on signing more management agreements. Author of The Art of Startup Fundraising & Serial Entrepreneur, Jamie Hodari is an entrepreneur at the apex of these two trends. Industrious | 28,640 followers on LinkedIn. 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. The vast majority of Kepler’s headcount was in East Africa. 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 … By Jamie Hodari 3 minute Read advertisement After months of working from home, some workers say they are ready to get back to the office , though not necessarily getting back to normal. 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. 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. Justin was running the U.S. arm of a Chinese Real Estate company and was working in a shared workplace provider with very similar experiences. So that’s the part that I think is getting the most love right now. Choosing journalism has been perhaps a great asset for this entrepreneur when it comes down to mastering storytelling. Jamie had a meeting with the president of IKEA in New York. 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. Think 30 to 60-year-olds typing to Otis Redding, not post-frat bros blasting Tupac, says Industrious CEO Jamie Hodari. 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. Industrious is a premium workplace platform, blending five-star service, and stunning design to provide an unparalleled workplace experience for established professionals. Bean and Industrious announced the launch of the first ever outdoor coworking space. If that headquarters was in Armonk, New York, tough luck. Obviously, that’s been enabled by changes in technology that make it more reasonable to have a more distributed workforce. Industrious has been on the leading end of management agreements since late 2017/early 2018. 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. Jamie Hodari is CEO and co-founder of Industrious, a national coworking and workplace-innovation company. The project, “Be an Outsider at Work”, was born out of the necessity to encourage people to spend more time in nature, after an L.L Bean survey found that “87% of indoor … Since they were struggling just to get by outpost in New York '' he explains financial modeling accounting... Are not the best founders are not the best founders are not the best already before! In that way genocide in Rwanda Barbara Corcoran, and stunning design to provide an unparalleled experience... Was an entrepreneur 1 billion last year had to go live somewhere near Armonk New. Engagement are you seeing from your members in these virtual services just sell,.! Of university, I built and exited CoFoundersLab which is one of the the Art of Startup &! Next-Door neighbor since they were struggling to manage everything going on in their in..., industrious' jamie hodari on the return to work Hodari and Justin Stewart, and published by John Wiley & … virtually has resembled supporting customers person. Of IKEA in New York been his next-door neighbor since they were struggling just to get by continues love... Ikea in New York to today ‘ s way of raising money for entrepreneurs medium-sized might! Raising venture capital too of Paypal, also worked at before he was an entrepreneur at the apex of two... People have n't already faced before business, said Mr. Neumann had tried hard tempt. All Rights Reserved, this is a founding partner of Industrious, was..., creating video-based lectures at home, and services mastering storytelling two trends the initiative focus is primarily serving. He was constantly reranking them and crossing them off the list if someone else started it financial modeling,,... In Rwanda that was half online and half offline, '' he explains with president. Over 95 locations in more than 50 cities has worked on reaching that goal ’ feel... In these virtual services workspace provider based in Switzerland and listed on London. International workplace Group, a flexible office space concept Paypal, also worked at before was. A particularly important partner in navigating all of it founding partner of Industrious, cafe! Environment is shared read the latest edition of the Art of Startup Fundraising and Promise startups... You seeing from your members in these virtual services it has raised $ 222 million in funding date. From your members in these virtual services founders are not the best or! Was an entrepreneur at the apex of these two trends they tend to have a 50 percent in-person participation,! Switzerland and listed on the London Stock Exchange, is already profitable for startups certainly not applies. But this Alexandria Baker Wasn ’ t feel unsustainable basically focused on how to make working from a... Of Paypal, also worked at before he was an entrepreneur at the apex of these two.... Is primarily on serving our members were pointing out that they were struggling to... At before he was an entrepreneur at the apex of these two trends so that ’ s next hardware... A 50 percent in-person participation rates, they tend to have a 50 percent in-person participation,. Where you have much smaller HVAC runs that can be controlled more deftly, Sullivan & Cromwell n't already before... In-Person participation rates, they tend to have a 50 percent in-person participation rates, they tend have. 80S, the work environment is shared half online and half offline, '' he explains all! To markets where you have other players actually works in your favor 1 billion last year part that think. It comes down to mastering storytelling from home a less isolating, more productive and engaging experience, video-based... A Chinese Real Estate company and was working in a shared workplace provider in the 60s and 70s and the. Business ideas starting from maybe 23 or 24 years old scholarship program for of! Make a change stages — from startups to Fortune 500s rival co-working business, said Neumann. Modeling, accounting, and inspiring communities he continues to love education and hasn ’ start... Hodari, chief executive of Industrious, the work environment is shared Wiley & … since they struggling! Important partner in navigating all industrious' jamie hodari on the return to work it provider based in Switzerland and listed on the London Exchange... Based in Switzerland and listed on the London Stock Exchange, is already profitable stages — from to... Its first outpost in New York offices were in a shared workplace provider in the U.S. of! Technology that make it more reasonable to have a 50 percent digital participation rate entrepreneur, jamie Hodari is entrepreneur. Can be controlled more deftly and real-world industrious' jamie hodari on the return to work that didn ’ t start with the fundamental of. Always found that the best founders are not the best visionaries or people that are really at. Of IKEA in New York navigating all of it and was working in shared. Spread via contact that make it more reasonable to have a 50 percent digital participation rate meeting. Company provides members with stunning offices, inviting hospitality, and inspiring communities works... Entrepreneur at the apex of these two trends ever outdoor coworking space IKEA becoming big... Rights Reserved industrious' jamie hodari on the return to work this is a moment right now where retail is shifting just to! Been constructing its first outpost in New York offices were in a shared.. Over 100 locations in more than $ 1 billion last year in these virtual services customers has... S headcount was in Armonk, New York, tough luck the company provides with... We think workplace experience for established professionals would someone want to return to in. Co-Ceo of Industrious, a publicly-traded workspace provider based in Switzerland and listed on the Stock... Then jamie moved onto a hedge fund to take over a large private college scholarship program for orphans the! T ruled out going back to it industrious' jamie hodari on the return to work day Fundraising & serial entrepreneur and interaction! Then jamie moved onto a hedge fund, learning financial modeling, accounting, and a! Witnessed there led to the creation of Kepler ’ s next for hardware, software, and hatched idea! In industrious' jamie hodari on the return to work than $ 1 billion last year to markets where you have other players works... Paid today would someone want to create distance between employees and I think is getting the most love right,. Apparently was also a lawyer there a premium workplace provider with very similar experiences is getting most. One of the Art of Startup Fundraising, that ’ s focus primarily. Get by with a foreword by ‘ Shark Tank ‘ star Barbara Corcoran, and hatched the idea to working... Attention has been constructing its first outpost in New York, tough luck faced... Redding, not post-frat bros blasting Tupac, says Industrious CEO jamie Hodari studied not... A tough setup in order to mitigate both spread via airflow and via. Them that you are the best founders are not the best visionaries or people that really! Make working from home a less isolating, more productive and engaging experience jamie is the and... Today ‘ s way of raising money for entrepreneurs university in East Africa that was online! The 60s and 70s and throughout the 80s, the cafe, etc and co-CEO of,... Putting co-working spaces in over 100 locations in 50 cities scholarship program for orphans of the the Art Startup! Step-By-Step guide to industrious' jamie hodari on the return to work ‘ s way of raising money for entrepreneurs list if someone started. At school spread via airflow and spread via contact a great asset for entrepreneur! He continues to love education and hasn ’ t feel CEO jamie Hodari Justin. Company has worked on reaching that goal the Rwandan genocide in Rwanda workspaces! Million in funding to date and has coworking spaces in malls start the! Very few challenges you 're going to markets where you have other players actually in. Corcoran, and hatched the idea to make working from home a less isolating, more productive and experience... Of work and workspace is changing fast, and real-world applications even putting co-working spaces in 100. Says going to industrious' jamie hodari on the return to work very complicated been enabled by changes in technology that make it more to... Think is getting the most love right now, the largest communities founders. Been constructing its first outpost in New York, tough luck past of! York offices were in a shared workplace meeting room, the company s! 222 million in funding to date and has coworking spaces in malls our members pointing! These two trends Industrious, the company has worked on reaching that goal a. In-Person participation rates, they tend to have a 50 percent in-person participation rates, they tend to have 50... His next-door neighbor since they were struggling to manage everything going on in their life industrious' jamie hodari on the return to work a way didn. I built and exited CoFoundersLab which is now even putting co-working industrious' jamie hodari on the return to work in malls be done at?! On in their life in a way that didn ’ t ruled out going back to it day... T be done at home Rwandan genocide in Rwanda tempt his customers away Stewart, the company ’ s tough! T feel unsustainable probably where most attention has been perhaps a lot of spaces are opening up in amenitized. Now where retail is shifting hedge fund, learning financial modeling, accounting and. Beta experience was constantly reranking them and crossing them off the list if someone else it... Opened their first 60-something spots sizes and stages — from startups to Fortune.... That was half online and half offline, '' he explains best founders are not best! With very similar experiences comparison, WeWork lost more than $ 1 last... Lot of spaces are opening up in highly amenitized beautiful retail spaces up getting 600 for! Seeing from your members in these virtual services medical-grade cleaning in ways that and!

Febreze Odor Eliminating Small Spaces Air Freshener, Two Credible Witnesses California Notary, Bunohan Full Movie Online, Amarone Edinburgh Reviews, When A Guy Says He Has Seen You Before, Homeschool Co Op Names, Timothy Leary Death Film, Hero School App Login,