Finding short term office space can be a challenge. You need a cool, affordable place to hold a client meeting or throw an event or host a photo shoot, but perhaps you aren't quite ready for the expense of a full time office.
Or perhaps what your ex-GF said is true-- you have a fear of commitment (kidding).
Either way, San Antonio based startup SpaceCadet has you covered. They've created an online marketplace to rent commercial space, for one month or less, from local landlords and businesses. For founders, it's the ultimate in flexibility, and for landlords it's an awesome way to generate cash and to get exposure for their empty properties.
The world is moving toward "on-demand" and these guys are at the forefront of the wave. I spoke with Elizabeth Haynie, head of business development at the company about SpaceCadet's plans to dominate this market. Read on!
How did you come up with the idea for your startup? What was the founder story or the inspiration.
The idea that would become SpaceCadet started during a 3DS at Geekdom. It pivoted after SXSW, when we worked with entrepreneurs at the lot. We saw that our tool was a way for them to start and grow with less risk.
In just one sentence , what is your company? What do you do?
We simplify micro-leasing to activate commercial space and enable entrepreneurship.
What do you love the most about running a startup?
There are no set rules. Everyday is completely different. There’s no dress code and I get to meet and engage with the most innovative and driven people on a daily basis. Not to mention, my colleagues think it's cool when I fly my micro-drone around the office.
What is the hardest of most surprising part about running a startup?
The most difficult thing is maintaining a balanced mental state when everything feels chaotic and uncertain. As team leader people are looking at you and you may have personal stresses but you have to keep those things in check. You have to keep an even keel.
Do you have any success stories (big or small) you would like to share?
We’ve had a couple of them. We’ve successfully taken on investment capital, and we’ve established a solid reputation locally where the city wants to help us pilot our strategies and models. We’ve seen entrepreneurs go from no space to having control over their own space. It’s also been great helping landlords go from losing money to breaking even and ultimately profiting on their commercial properties.
How, if in any way, had Foundersuite helped your company?
We are in an area of the country where the startup ecosystem us barely coming into its own so investment capital available locally can be more difficult to access. Foundersuite allows us to organize ourselves so that we can see progress in our investment efforts - despite not closing all prospects - so we are able to see the effectiveness of our capital raising system. Additionally, having built a network of potential investors makes it easier to connect with partners who can help SpaceCadet grow.
Finally, what is your best tip, hack, or piece of advice for entrepreneurs?
I have a few actually…
- Focus on the problem before the solution.
- Strive for controlled enthusiasm over blind passion.
- Experiment on your own dime versus taking capital for discovery.
- Remember that technology is meant to serve people; it’s people who end up gaining or losing when the technology works - or doesn’t work.