Tech incubator and seed fund 500 Startups is building out its presence in the Big Apple with a new coworking space for local entrepreneurs and porfolio companies.
The news was announced yesterday on Twitter by Shai Goldman, a New York-based venture partner at 500 Startups. For entrepreneurs, an application form is already available, although the desks won’t be available for six months. To apply, you’ll need to be bootstrapped, seed or angel funded, or have raised a first-round of institutional funding.
According to 500 Startups, spots will be reserved for portfolio companies, but there will be space for startups in the community. The space is located in the Flatiron district, where many startups and tech companies are settling. As TheNextWeb’s Harrison Weber points out, it’s a stone’s throw from rival coworking space and startup hub, General Assembly.
Interested in renting out a desk? It will set you back $500 for the month, and there is room for a total of 40 people. Rent is reasonable, considering that it’s in the heart of Manhattan, but the real benefit is access to a network of fellow entrepreneurs and potential advisors. 500 Startups was launched in 2010 by prolific and outspoken investor, Dave McClure.
Filed under: Business, Entrepreneur
This article originally appeared on VentureBeat