When I met Chris (Bledsoe, CEO of Ollie), he shared with me how it took him 400 meetings to get the investment. But it paid off, and he built a little empire - and empires like to be conquered.
A big move in the coliving scene and a first step to more conglomeration.
Get the latest The House Monk report.
The House Monk just released it's global coliving report - it has some interesting stats, some of which I'd be curious to know more of (for example the 50% occupancy in the US), and interesting news, like the major funding rounds and their own coliving repertory!
Main point: the majority of "young professionals" are not the ones with mid-end income in urban cities. THey're the ones with low-end incomes, living in second-tier cities, and often with their parents or cheap HMOs.
If we don't provide a solution to the "forgotten ones", coliving will remain a high-end product only.
Thoughts of the Week
When coliving becomes a village for the Silicon Valley.
This is the crazy story of Tony Hsieh, former CEO of Zappos, who died last week in a fire in his house. Tony was trying to build a village in Utah in Park City with Zappos employees, offering them a double pay for moving there.
"Hsieh retreated to Park City, where he surrounded himself with yes-men, paying dearly for the privilege. With a net worth that Forbes recently estimated, conservatively, at $700 million, Hsieh’s offer was simple: He would double the amount of their highest-ever salary. All they had to do was move to Park City with him and “be happy."
But creating a place that’s financially incentivized most probably created an environment based on the wrong motivations. I assume that Tony created his employee-village in Park City as it’s next to the Powder Mountain project.
A few years back, Summit Series - a community and events series for leading influencers, from entrepreneurs to academics, artists, and philanthropists - bought a mountain in Utah with the goal to build a mountain village for the “community of leading influencers and decision-makers.”
From Tim Ferriss to Richard Branson, Hollywood actors and Miguel McKelvey, co-founder of WeWork, a lot have already said yes to Powder Mountain.
Now imagine all these decision-makers living nearby, literally in walking distance. What amount of encounters, ideas and decisions will come out of it?
Which brings me back to… when coliving is like a highway: It puts you through life at 10x speed (read more in my blogpost about this).
And that’s one of the major advantages of shared (or nearby) living: an increased amount of moments of encounter. In two words: increased serendipity.
Are communities the most optimal setup for human flourishing (including at work)?
Read this long-format Harvard Business Review article which blew me away. The topic: how communities are essential for the functioning and growth of companies.
Here is the two main takeaways for me: first, the authors definition of community:
“We are social animals who cannot function effectively without a social system that is larger than ourselves. This is what is meant by “community”—the social glue that binds us together for the greater good.”
What strikes me: defining community as a system for human functioning. Or rather, as a mandatory environment for optimal functioning.
And then, the idea of “communityship” - in short, to stand between individual leadership on one side and collective citizenship on the other.
“I believe that we should never use the word “leadership” without also discussing communityship. Sure, leaders can engage and involve others. But the concept remains focused on the individual—on personal initiative. Show me a leader, and I’ll show you a bunch of followers.”
Highly recommend the read, especially as it finished with a 5-step approach on how to create communityship.
And as said at the end: “An organization knows that communityship is firmly established when its members reach out in socially active, responsible, and mutually beneficial ways to the broader community.”
My Favorite Discoveries
A platform for all-things-community.
My dear friend Sergio created www.buildacommunity.co in cooperation with a major community builders. This platform is a master resource for anything community related.
Among others, it showcases tools for community building, approaches and frameworks, how to grow a community as well as how to start one!
The first intentional coliving repertory is out.
Over the last two years, I've always wanted to create a coliving aggregator that would filter by people's intentions.
For example, filtering based on whether the location is rural or urban. Filtering based on the intention of the space (such as work, art, etc). And filtering based on fundamental values.
The Coliving Cocktail newsletter fills you twice a month with the latest updates from the coliving industry, major content pieces, upcoming industry events, and personal insights from our founder on how to improve your user experience.
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