If you live in San Francisco and know much about tech startups, you ve likely heard of Founders Den, a shared office space and private club for startups and investors that leases 85,000 square feet on a nondescript block in San Francisco.
The startups must be invited into the fold, and they must agree to stay no longer than six months.
It s a terrible business, jokes Jason Johnson, an entrepreneur who decided six years ago to establish Founders Den with three friends: Jonathan Abrams, Zack Bogue and Michael Levit.
The four work to break even each month, owing to additional office perks that they provide, like a full-time office manager.
If we wanted to make money on the space , we d lease it out to many more companies and charge a premium, Johnson says.
What is of interest is forming a curated community of founders who help one another and provide each other with investment opportunities, and on that front, Founders Den is proving very successful, especially for its creators.
