Women are dropping $2,350 and waiting on an 8,000-person list to join an exclusive no-men-allowed club that just raised $32 million from investors like WeWork
- The Wing is a women-only coworking space and club with two locations in New York City.
- It just raised $32 million in a Series B funding round led by WeWork.
- Its newest location, in New York City's SoHo neighborhood, provides its members with desks, a beauty room, space to nap, meeting rooms, a library, and a café.
- 8,000 women are on the waiting list for membership to The Wing.
When The Wing, a coworking space and social club for women, launched in October 2016, founders Audrey Gelman and Lauren Kassan didn't realize how large the demand for membership would be or exactly the type of comfort it would provide its members. In the months before the 2016 presidential election, Gelman, who has experience working in politics, said she believed Hillary Clinton would win.
"This was going to be the golden age of women in power, so women could have rooms like this," she told Business Insider. "It was sort of a triumphant concept.
"Obviously that's not what happened," Kassan said.
Overnight, after Donald Trump's victory, The Wing was inundated with calls from members and people on the waitlist, who, according to Kassan, were saying, "I didn't realize how much I wanted or needed a space like this."
Now, the club has 1,500 members and an 8,000-person waiting list for its two open locations. It plans to launch two more spaces, one in Brooklyn and one in Washington, DC.
It just raised $32 million in a Series B funding round led by WeWork, bringing its total investment to $42 million, according to Forbes. NEA also contributed to the funding round.
The Wing's prices, which vary between $2,350 to $2,700 a year, offer members access to a variety of perks. With a focus on growing a community for its members, the club provides more than a place to set up your laptop. Speaking events, community volunteer opportunities, movie screenings, and happy hours provide a home base for its members to build relationships.
The Wing is serious about its no-men-allowed rule. On the day we got a tour of its new SoHo space — its opening day — we were told not to bring along any male coworkers. We found it already buzzing with members.
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Gelman realized she needed a space like The Wing while working a job that always had her on the go. Instead of changing outfits for events and meetings in "random bathrooms around the city," she envisioned a space designed with her needs in mind.
The spacious bathrooms, showers, lockers, and beauty room provide women with a safe space to prep and primp for their day.
Kassan, the COO, saw an opportunity to create a community: "For me it's really about the community that can come out of this space. The original idea of having a space of convenience — but also creating a space that you can meet new women in."
See the rest of the story at Business Insider
Contributer : Tech Insider http://ift.tt/2yuigvu
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