Will I start a coworking or event space in SF?
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Premium
24
á¹€11k
2025
46%
chance

I've been thinking about getting a nice large space in San Francisco, to use as a coworking space, or to run events out of. It'd be great to have a hub for the people I like, some mix of startup, EA, progress, AI safety folks. Some inspirational spaces include Lighthaven, Constellation, and the SF Commons.

I've had this idea in the back of my mind for a few months now, but recently the it's been gaining traction. I've spoken to some small startups and folks who seem interested, have engaged a commercial real estate broker, and am touring one place next Tuesday. But I also have significant hesitations about the whole idea.

Market resolves to YES if by the end of Q1 2025, I've launched a space and/or signed a lease for it. If I've made what I deem significant progress but haven't launched/signed any lease, I'll extend the timeline to this market to Q2 2025

Why start a space?

  1. I would personally want to use it!

  2. My friends in SF seem pretty excited to use it too

    • I keep inviting people to cowork from the Manifold/Manifund office and now it's a little more full than ideal

  3. Impact: on priors, it makes sense that something like an EA/AI Safety hub ought to exist in San Francisco, where all the AI development actually happens, rather than Berkeley

    • I sometimes pitch this idea as "Constellation in SF", though I expect my space would be as different from Constellation as Manifest is from EAG

  4. I like new challenges, and haven't done a coworking space before

    • The parts that interest me: enabling good work, community organizing, financial structuring. OTOH I'm not excited about interior design or day-to-day operations

  5. Historically I've been pretty good at community-building stuff like Manifest, Mexifold

    • And I think I'm good at stag hunts in general, which "start a coworking space" is shaped like

  6. It'd much easier to organize future events if I own a space

  7. San Francisco is my home, I like it very much, and want to give back

    • Starting a coworking space is one kind of bet on the future of SF

    • The existence of a good space in SF should spur more people to come, too

Why not

  1. Opportunity costs: I think this would probably take 2-8 weeks of my time up front (plus ?? ongoing commitment costs to me, depending on whether I can find good people to run it)

  2. Even though I'm good at community building, I'm not sure it's what I was put on this earth to do

    • I'm a hopeless introvert at heart (though sometimes I conveniently forget this fact)

  3. Coworking spaces are bad businesses, as far as I can tell

    • Nowhere near the margins of software

    • The upsides mostly flow to the tenants I think?

      • Maybe the answer is "charge more" but I'm somewhat allergic to that

    • (nb this is probably true for conferences too)

  4. Many other event/coworking spaces have failed or are failing

    • E.g. Lightcone Offices, Atlantis, Solaris AI, Wytham Abbey if you squint

    • It's not obvious to me that SF Commons or Constellation are currently doing well (at least well enough to make me go "yeah there's no point in me starting my own")

  5. My SF community might already be way more densely networked than ideal

    • My calendar already feels uncomfortably saturated with parties and other events

    • See Alexey Guzey: "i think sf will ruin gwern"

  6. "Coworking" might be actively harmful (bad for focus, lead to groupthink). Famously, Paul Graham refused to offer coworking to YC startups

    • I do think the Constellation setup of "provide lots of private offices" might be good

  7. Maybe somebody else will do it if I don't 🤞

    • I've been pretty happy with the service Lighthaven provides, and if they were in SF I wouldn't be considering this

  8. Physical spaces mostly serve human users; maybe there's more upside in serving AI users

    • though, as a human, I like humans, and probably will for a long time

  9. Maybe most interesting work in SF happens inside of labs, so there's less need for this kind of space

If you'd like to see this space exist, reach out to me (austin@manifund.org), or comment below! Some things I'd like help with:

  • Seed funding

    • I expect this would cost ~$50k/mo, though I do also hope to recoup a lot (or even profit) from running this, and return that to "investors"

  • Recs for great folks to help run the space

    • Skillsets I'd be looking for: interior design, day-to-day ops generalist, people with good taste and initiative

  • Interest from users who would pay for the space

    • Coworking tenants like startups or individual researchers; event organizers who like our vibe

  • Recs for locations

    • I'm generally looking around Alamo/Hayes since those are nice areas close to where I live

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Let me know if you want help or want to spar ideas - not in SF tho

bought á¹€1,250 NO

We toured 660 Oak today! The conditions are a bit less good for coworking than I had first thought so bidding this down slightly.

I think 660 is a no at sticker price but a maybe at some discount - will continue to think on this. Also, plausibly the Newton space could be good.

bought á¹€4,000 NO

Prove me wrong!

I'm pitching Mik to help - she has initiative, is good at interior design and operations!

I think coworking does trade off productivity with fun. But not necessarily in a bad way! I've found that:

  • I get more work done when at home with fewer distractions

  • At the office I can have productive conversations (i.e. ideating, solving hard problems) with coworkers (or former coworkers 🪦) that have high context on manifold or what I'm working on

  • Conversations with non coworkers will likely be more fun than productive

opened a á¹€1,000 NO at 90% order

@ian mm fair point. From Richard Hamming, You and Your Research:

I noticed the following facts about people who work with the door open or the door closed. I notice that if you have the door to your office closed, you get more work done today and tomorrow, and you are more productive than most. But 10 years later somehow you don't know quite know what problems are worth working on; all the hard work you do is sort of tangential in importance. He who works with the door open gets all kinds of interruptions, but he also occasionally gets clues as to what the world is and what might be important. Now I cannot prove the cause and effect sequence because you might say, "The closed door is symbolic of a closed mind." I don't know. But I can say there is a pretty good correlation between those who work with the doors open and those who ultimately do important things, although people who work with doors closed often work harder. Somehow they seem to work on slightly the wrong thing — not much, but enough that they miss fame.

@Austin Definitely! that's exactly how I feel

@Austin in light of this fact, the coworking space should be set up like the monastery in Neal Stevenson’s anathema book. So the innermost office only opens to the inner office every hundred days and the inner office only opens to the outer office every 10 days and the outer office only opens to the outside world once a day. This will allow for the ideal amount of ideation versus grinding.

Office space would be interesting for Brandon and I as the Codebuff / Manifold team grow!

bought á¹€250 NO

I'd be excited about this space and I might be interested in doing stuff to help it exist.

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