SleevesUp! Sees a bright future as coworking space in tier 2 and tier 3 citiesWe came up with the brand name SleevesUp!, since it is for the people who roll up their sleeves and start doing.
Sebastian Schmidt, CEO and Co-Founder SleevesUp!
The FounderIn this interview we are talking to Sebastian Schmidt (https://www.linkedin.com/in/busysebastian/), CEO and founder of the Frankfurt-based coworking chain SLEEVESUP! (https://www.sleevesup.de/). In our interview we talk about how his startup lead him to found a new chain of co-working spaces in a city, where international giants like WeWork, Mindspace, Tribes and Regus just started their expansion.
What we want to do is going to the tier two and tier three cities, because you also do have a demand. … you have the self-employed guy and girl everywhere.
Sebastian Schmidt, CEO and Co-Founder SleevesUp!
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We don’t have the large cost space e.g. having a barista, so we can make a small co-working space profitable.
Sebastian Schmidt, CEO and Co-Founder SleevesUp!
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We did a bit of research, there are less and more attractive tier two cities, and there are 80 to 100 cities all over Germany.
Sebastian Schmidt, CEO and Co-Founder SleevesUp!
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The StartupSebastian founded SleevesUp! in Frankfurt. He stuck with entrepreneurship after a failed startup, where he and his co-founders rented out desks in their oversized office. Hi strategy is to go to the outskirts of smaller cities, where you also find freelancers and small businesses. His clients don’t life in the city center, so they appreciate the shorter commute to the outskirts. They don’t need the very representative office space, some international brands offer. He sees a large demand for his type of coworking and they already expended to cities like Aachen and Hannover.
Venture Capital FundingSleevesUp! Is bootstrapped with classic bank financing for most of their spaces. They also have friends and family funding, but their investment case is not too far away from a classic real estate investment case. If you would like to know more, reach out to us and we will connect you.
During corona, the large wave of cancellations from our clients luckily did not take place.
Sebastian Schmidt, CEO and Co-Founder SleevesUp!
The Video Interview is set to go live on October 1st 2020, 19.00 CET (Frankfurt/Paris/Zürich/Milan)
The Audio Interview is set to go live at the same timeThe Audio Podcast will be published at the same time. Subscribe to our podcasts here
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SleevesUp! Sees a bright future as coworking space in tier 2 and tier 3 cities