WeWork Labs opened its doors to New York City entrepreneurs in April 2011. For $250 per month, they could raid WeWork's fridges, drink its kegs, and build companies.
The co-working space was an instant hit. It now houses more than 200 entrepreneurs who are working on more than 100 companies.
On May 14, WeWork Labs is going bi-coastal. It's opening a space in San Francisco on 156 2nd Street. The space will be two floors and will hold approximately 100 people, co-founder Matt Shampine tells us. The directors of WeWork Labs SF are RallyPad mentor Kaitlin Pike, Trove CEO Seth Blank, and Dave Nugent of SF JavaScript Meetup.
The New York space is expanding too. As of July, WeWork Labs NY will increase to 34,000 square feet on 175 Varick Street, taking over two floors.
Before, WeWork Labs just offered cheap office space for entrepreneurs. But it now offers health insurance to members for $360 per month.
WeWork is the home to up-and-coming startups like Turf and Fitocracy. Its companies have gone off to accelerators like 500 Startups, TechStars, DreamIt Ventures and ERA. It was founded by Jesse Middleton, Adam Neumann, and Matthew Shampine.
If you want to snag a spot in the San Francisco office, apply here.
