Founder House is proving its mettle with three active townhouses since 2015 and plans for 10 projects in the next year, by specifically targeting tech entrepreneurs.
Named a Digital NYC “Startup to Watch” last month, Founder House bills itself as a “co-living community and active alumni network for people who are entrepreneurial and awesome.”
Its current projects are in Williamsburg, Bed-Stuy, and Downtown Brooklyn — all within 20 minutes of Union Square. This was necessary to keep up the “mover/shaker” vibe of the company. “Founders” can’t just be anybody. To qualify, applicants should be excited to take part in curated community events like speaking engagements, reunions and weekly dinners similar to a college dorm experience.
They aim to create “the world’s largest co-living network for entrepreneurial people.” CEO James Ingallinera was inspired to start Founder House after living in communal houses in the San Francisco Bay Area. He says the “entrepreneurial ethos” of living with likeminded peers results in new projects, companies, jobs, professional connections, and life-long friendships. Founder House will also have a the long-term value add of an active alumni network.
This distinguishes Founder House from other co-living concepts in the market. Common, which made a splash last summer when it raised $7.35 million, positions itself as more flexible and casual, offering month-to-month leases.
WeLive, the co-living initiative of WeWork, is emerging as an extension of WeWork’s youthful brand with robust shared amenities.