NEON

The Problem

Every day millions of hybrid workers are repurposing coffee shops as workspaces. When we surveyed over 250 hybrid workers on why they worked from coffee shops we always got the same answer: "there is nowhere else to go."

The coffee shop doesn't want you there

With the rise of hybrid work, coffee shops are pushing back. They are no longer offering wifi, covering power outlets, and banning laptop use.

Hybrid work is the new normal

Since 2023, 25% of the US workforce is hybrid. Over 25 million people are utilizing coffee shops as their workspace.

NEON is the solution: drop-in third space

NEON is a pay as you go workspace during the day and a neighborhood event space on nights and weekends.

We blend the best parts of the coffee shop and the co-working space

NEON offers the affordability, flexibility, and central location of the coffee shop with the functionality and amenities of the co-working space.

The entire transaction and internet connectivity is done via our proprietary mobile app

Since opening in mid-2023 we've achieved fantastic results and achieved product market fit

NEON is for more than just freelancers and remote workers. It's a perfect solution for any enterprise.

Each of the companies below has had their team work at NEON or has hosted an event in our space. Each of them in-bounded to us. NEON spends $0 on marketing.

We've achieved product market fit

NEON has over 250+ five star reviews across Google (5.0 rating) and Yelp (4.9 rating)

Some recent testimonials:

"Best workspace I’ve ever been to! Everything is ergonomically designed, and they even provide an extra monitor, keyboard, and mouse at no extra cost."

"Amazing, affordable spot to drop in and just get work done. Fast WiFi, great community, and awesome outdoor space to take a breath of fresh air. Coffee is mighty good too (and free)."

"I used NEON as a venue for a series of five evening events. Teddy, Ivan, and Chloe were an incredible team to work with. They connected me to fantastic caterers, they always had the space ready for me, and they worked with me for each even to make the space fit my vision. The space and team at NEON are incredibly flexible; we really created together. The outdoor space was quaint. The indoor space was at times vibrant, at times cozy. Cant recommend this place enough. Literally whatever you need it for, drinks, games, reception, welcome dinner, wedding, happy hour, dinner, mixer, whatever--I'm sure they can make it work and you'll love it."

NEON checks every box for the consumer:

1. No contract
2. No commitment
3. Tech enabled
4. Hospitable
5. Unlimited amenities

The Vision

We plan to NEON across the United States to serve the 25 million people who are looking for affordable, flexible work and event space in the heart of their neighborhood

Team

CEO & Founder Teddy Kramer was employee number 70 at WeWork where he led the company's growth from 5 to over 50 locations across the US and Europe in less than 2 years.

Other team members have expertise in co-working, retail, finance and cybersecurity.

Our plan and timeline

1. Launch 3 new locations in San Francisco to demonstrate local scale
2. Launch version 2.0 of our technology
3. Fuel NEON’s sales and marketing engines to drive growth
4. Scale our hospitality operations

Use of funds

1. 15% for Marketing and Advertising
2. 25% for headcount
3. 5% for version 2.0 of our technology
4. 55% for cash reserves and operations

Financial forecast for 3 large format locations

1. Over $1 million dollars in revenue per large format location (>10K sq. feet)
2. 33% EBITDA margin across the portfolio
3. World class LTV/CAC ratio of >11X

The next generation of workspace

We offer core differentiation from traditional co-working: mobile first, consumption based, and taking on an asset class that is ripe for disruption.

What's next and how you can get involved

1. Invest in our seed round here on Wefunder as we grow from 1 to 4 locations in San Francisco over the next 2 years.
2. Email us at: [email protected]. We are happy to host you at our space to chat our chat over zoom.
3. Share our Wefunder with your community: https://wefunder.com/neonworkspace