Dan Hinden, CEO and founder, OFIXU
OFIXU.com The “Airbnb for Offices” Launches Crowdfunding Round on Seedrs with a pre-money valuation of £1.8m
Oct 31, 2016 · Dan Hinden, founder and CEO of OFIXU, tells Medium how he is building the Airbnb for office spaces.
Nowadays there’s plenty of Startups with plenty of investment AND plenty of unused office space just sitting there gathering dust.
Finding success working for other companies and people, including Wimdu — a rival of Airbnb, and for Facebook co-founder Eduardo Saverin, Dan struck out on his own noticing a gap in the market in office space for flexible workers, he started OFIXU. Dan also advises companies such as Bain Capital on market preparation for their tech clients and is generally considered a specialist in online P2P marketplaces.
What exactly is OFIXU and how does it help people?
OFIXU.com is aiming to build the world’s largest online platform for short term commercial rental — think of it as the “Airbnb for office spaces”. OFIXU.com is creating an online marketplace allowing hosts of any surplus commercial space “private or otherwise” (desks, offices, floors or entire buildings) to list and rent out their space to those that need a place to work, there’s no restriction on location either, OFIXU believes you should be able to work well, anywhere.
On the other hand, OFIXU is providing users who would usually work out of hotels and coffee shops (overcrowded, lack privacy) with an Airbnb type platform but for the working world. It provides all types of business users from any background the opportunity to work smarter, cheaper and quicker.
Approximately 25% of people now work remotely but have no access to office space. The problem is that there’s a general lack of instantly available workspace so people resort to working from coffee shops or other public spaces which are non-conducive “work” environments. It takes too long to search for convenient and affordable work space, serviced and managed office spaces are expensive and there is a general lack of flexibility for short-term contracts. There’s no minimum or maximum restrictions on the rental duration with OFIXU, you can host or rent space from 1 hour to 365 days!
OFIXU makes it more convenient for people to find any type of workspace for any type of work allowing them to save time and money whilst enabling businesses who have excess space to realise more income on their underused assets by renting them out. When you consider that OFIXU has already touched down in over 73 cities globally and is already reporting revenues in its maiden trading year, it’s clear to see that the supply and demand trend is growing in this sector. “I’m surprised at how quickly we’ve actually grown, our guest and host adoption rate has surpassed my initial expectations” says Hinden.
This year we’ve seen an unprecedented rise in Co-working and companies reimagining the way we use office space. In 2011 Dan Hinden CEO & Founder of OFIXU.com first looked at the possibility of providing an Airbnb type platform to the working world, it was at such a time that Collaborative Consumption AKA Peer-to-peer renting was still a growing trend but hadn’t yet reached the mass market like it has now since the emergence of Airbnb and Uber, back then people who wanted to rent offices were restricted to “fixed contract” serviced offices or traditional leases, fast forward to 2016 and what we’re now seeing is trendsetting co-working environments explode on to the scene inspiring people to rent out their underused offices or desk spaces, similar to Airbnb members renting out underused vacation spaces, enter OFIXU.com.
Having successfully secured private backing in September 2015 OFIXU has now taken to the open market via the Seedrs platform (considered the UK’s number 1 platform for crowdfunding) to appeal to public investors as it seeks to extend its reach and capability in 2017. OFIXU welcomes this approach as we’re a community based platform ideal for community based investors, our approach isn’t to restrict investors but on the contrary offer up a part of our business to help the brand grow faster, that’s why we are looking for smart money and collaborative support to conquer the market and share the success story! You can pledge your support today by visiting their online campaign here www.seedrs.com/ofixu-com