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. Industrious is the premium coworking company of choice. Jamie Hodari: Right now, the company’s focus is primarily on serving our members virtually. The New Year Holds Hope And Promise For Startups. 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. They had a good fit in terms of skill sets. Right now, the company’s focus is primarily on serving our members virtually. 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. View Jamie Hodari’s profile on LinkedIn, the world’s largest professional community. 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 … Commercial Observer: Let’s start with what you’re working on now, and how you’re thinking about the next three months. It just didn't feel sufficiently professional. But This Alexandria Baker Wasn’t About To Let Her Employees Down. It’s moments like this that most powerfully push companies away from saying, “This is something I should be doing myself,” to think, “This is something I should hand off to an expert.”. He attended Columbia, Harvard, and Yale. And what kind of engagement are you seeing from your members in these virtual services? 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. 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. The book offers a step-by-step guide to today‘s way of raising money for entrepreneurs. 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. 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. Industry: Real Estate, FinanceKey Achievements: Hodari is co-founder and co-CEO of Industrious, a flexible office space concept. He continues to love education and hasn’t ruled out going back to it one day. Prior to his current … If certain types of events have a 50 percent in-person participation rates, they tend to have a 50 percent digital participation rate. Over the past couple of years, the company has worked on reaching that goal. Tech Forecast. Opinions expressed by Forbes Contributors are their own. All Rights Reserved, This is a BETA experience. There is a moment right now where retail is shifting. The reality is, a lot of our members were pointing out that they were struggling just to get by. The return to work is going to be very complicated. 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? 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. You may opt-out by. This certainly not only applies to customer acquisition but raising venture capital too. 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. That evening he talked to his now cofounder in Industrious, Justin Stewart, and hatched the idea to make a change. It’s much harder to control contact points or interactions in that way. And that’s a tough setup in order to mitigate both spread via airflow and spread via contact. They were struggling to manage everything going on in their life in a way that didn’t feel. TRD Staff Cushman & Wakefield CEO Brett White and Industrious CEO Jamie Hodari (Industrious; Cushman) Cushman & Wakefield is betting big … Ultimately, Hodari … The office — on your terms. By comparison, WeWork lost more than $1 billion last year. 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. 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. 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? Our annual guide to the businesses that matter the most Industrious is now even putting co-working spaces in malls. 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. 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? ... according to Mr. Hodari. Industrious has been on the leading end of management agreements since late 2017/early 2018. 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. 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. When Jamie Hodari founded his co-working company, Industrious, it was from a place of genuine personal need. The second is, mitigating the spread. It’s funny, it’s been surprising the degree to which supporting customers virtually has resembled supporting customers in person. 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. 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 … They also invested a lot in strategy early. Think 30 to 60-year-olds typing to Otis Redding, not post-frat bros blasting Tupac, says Industrious CEO Jamie Hodari. Founded in 2013 by Jamie Hodari and Justin Stewart, the company provides members with stunning offices, inviting hospitality, and inspiring communities. In the 60s and 70s and throughout the 80s, the vast majority of headcount for most businesses worked in headquarters. 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. Jamie has 5 jobs listed on their profile. 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. Jamie is the CEO and Co-founder of Industrious, the largest premium workplace provider in the U.S. Jamie Hodari, chief executive of Industrious, a rival co-working business, said Mr. Neumann had tried hard to tempt his customers away. A New kind of university a large private college scholarship program for orphans the... Were two years old the average workplace, the vast majority of headcount for most businesses in! 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