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Developing an Ecosystem through Coworking
-‐ In Dhaka, Bangladesh -‐ Conceived Sep 2013 -‐ Opened Mar 2014 -‐ 3,375 sq.ft (75 ft x 45 ft) -‐ 1 meeting room
Hubdhaka facts
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Bangladesh : Work in Progress
-‐ Developing country -‐ In N-‐11 Emerging Market -‐ Amongst the Frontier 5 -‐ GDP 6% growth -‐ 160+ millions -‐ High unemployment -‐ Median age 24yrs
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Dense Dhaka : space is premium
Bangladesh overlapped onto South Africa
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Looks Familiar?
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Our lifelines
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Wire Spaghetti? Voila! Opportunity?
September 2013 Oct 2014
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Working in Isolation? Akin to Prison.
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Work from home? 1. Unplanned electricity outages 2. Unannounced visitors 3. Internet Speed Fluctuations 4. Sudden Internet Disruptions 5. No access to like minded Community 6. Family members think we are jobless/useless 7. Tasks from family members 8. No separation between work & personal life 9. No work -‐ life balance 10. Isolation 11. Diminishing network & professional
relationship
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1. Security Deposit (more if commercial property)
2. Many restrictions -‐ when renting apt as an of^ice
u Don’t believe startups/freelancers are real
u Limited number of visitors allowed
u Scrutinize every one 3. Does not understand the model 4. Often closed spaces 5. Of^ice Admin challenges such as
u Open & close every day u Facilities cleaning & upkeep
Renting office?
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Coworking benefits 1. Month to month membership 2. No administrative headache 3. Access to a community 4. Corporate (multiple) internet line to prevent
Ø Outages Ø Fluctuations
5. Generator backup 6. Work life balance 7. Having a professional of^ice at a fraction of
cost 8. Community / Networking events 9. Air-‐conditioned
10. Recreational facility 11. Freelancer / Startup friendly 12. No visitor restrictions 13. Meeting room 14. No need to buy appliances 15. Security
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Our impact?
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Case Study : DhakaInsider.com
-‐ Amongst the top 3 team of SWDhaka 2014
-‐ Received 3 months of free space -‐ 1st Members -‐ Initially only 3 founders -‐ At present 5 people -‐ 100 contractual employees
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Case Study : ovimot.com
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Case Study: Upwork Freelancer
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Lets Learn Coding (llc)
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Interns from abroad
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Experts from abroad
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Community meetups
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Parting thoughts
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-‐ Change is constant -‐ Embrace everyone -‐ Check ego at the door -‐ Learn from mistakes -‐ Take feedback seriously -‐ Take action quickly -‐ Focus on customer experience -‐ Don’t get too comfortable -‐ Always add value
