London to Open World's Largest Startup Co-Working Space
WeWork, the co-working platform for entrepreneurs, is opening the world's largest co-working space in London this November 2015.
The 166,038 sq ft WeWork site in Fore Street, Moorgate, will provide capacity for 3,100 members over eight floors, with London positioned as the US company's hub for global expansion. Founded in 2010 by Adam Neumann and Miguel McKelvey in New York, the company is now worth an estimated $10bn, with 700 employees worldwide and new sites opening in new cities month-on-month.
WeWork's mission is to actively build a community of entrepreneurs within its walls, seeking 'creators' from all industries to become members, with a suite of WeWork-specific membership benefits in each country. The overriding ideal is that these members collaborate - a member can use any WeWork space in the world, access an internal social network of 30,000 individuals, attend bespoke social events and top it up with unlimited free beer.
Companies who are members include Amazon, SkyScanner, SoundCloud, KPMG, and Farfetch, with new partnerships being continually set up. More than 30% of WeWork's members have done business together, and international locations serve as a base for business travel and enable a great degree of work flexibility.
Commons Membership starts at £30 for access to its facilities, while Full-Time Membership is divided between desks, starting at £325 a month, and large private offices, starting at £650 a month. These include all the plug-and-play facilities a modern business needs, as well as furniture, internet access, cleaning and other expenses like payment processing, IT support, payroll, legal support, web hosting and cloud storage. Memberships include access daily events like 'lunch and learns', one-on-one business mentoring, yoga and meditation classes, technology talks, life coaching sessions, wine tastings, and movie, salsa, and trivia nights.
WeWork Moorgate is designed by Matt Wood, and features unique design elements based on the building, neighborhood, and history of the space. The design, location and arrangement of Moorgate reflects its target demographic of both startups and seasoned companies looking for inspiration and collaborative space - breakout areas are cushioned by bean bags chairs and hammocks, conference rooms are designed as plush lounges and there are a suite of amenities available at break-out points throughout.