{"id":42458,"date":"2023-10-20T15:21:22","date_gmt":"2023-10-20T15:21:22","guid":{"rendered":"http:\/\/startupsmart.test\/2023\/10\/20\/startnest-one-of-sydneys-first-co-working-spaces-closes-its-doors-startupsmart\/"},"modified":"2023-10-20T15:21:22","modified_gmt":"2023-10-20T15:21:22","slug":"startnest-one-of-sydneys-first-co-working-spaces-closes-its-doors-startupsmart","status":"publish","type":"post","link":"https:\/\/www.startupsmart.com.au\/uncategorized\/startnest-one-of-sydneys-first-co-working-spaces-closes-its-doors-startupsmart\/","title":{"rendered":"StartNest, one of Sydney\u2019s first co-working spaces, closes its doors – StartupSmart"},"content":{"rendered":"
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A host of new co-working spaces opening in the Sydney area has led to the closure of one of the first to launch outside the CBD \u2013 StartNest.<\/p>\n

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Founded in April 2013 and located at 65 Hume Street in Crows Nest, StartNest was one of the first major co-working spaces in Sydney \u201cnorth of the bridge\u201d.<\/p>\n

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StartNest co-founder Jono Herrman says it was never intended to be a money-making venture, but the increase of co-working spaces in Sydney had made it unviable.<\/p>\n

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\u201cIt\u2019s always been a community service. Running co-working as a suburban space, you\u2019re never going to retire on it,\u201d Herrman says.<\/p>\n

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\u201c(iCentral founder) Pete Cooper came up to me at GCUC (Global Coworking Unconference Conference in Sydney) and said, \u2018Jono, mate, I\u2019m sorry I didn\u2019t realise how many ex-StartNesters are now at iCentral\u2019.\u201d<\/p>\n

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\u201cWe\u2019ve lost people to St George\u2019s Business Hub in Chatswood. All these suburban co-working spaces if you\u2019re not supported by government, or council, or corporate backing, you can\u2019t keep going.\u201d<\/p>\n

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The closure isn\u2019t necessarily a bad thing, Herrman explains, he\u2019ll be having a few celebratory beers toasting the impact StartNest has had, rather than worrying too much about its closure.<\/p>\n

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He\u2019s proud of the community StartNest built, its Meetup group is over 2000 members strong and Herrman continues to use it as a newsletter for any important industry-related announcements. StartNest also gave Herrman a platform from which to lobby government and policymakers on issues facing startups in Australia.<\/p>\n

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\u201cI\u2019m firmly of the belief that we need to band together as a startup, co-working and innovation community to say what\u2019s important for us, and represent it properly in far more of a lobby-like manner to our pollies,\u201d he says.<\/p>\n

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\u201cAnd they\u2019re taking notice. Look at Wyatt Roy, Paul Fletcher, who I really like. He\u2019s really into the innovation sector. Even Joe Hockey is meeting startups to come to terms with what the startup\/innovation sector delivers to the Australian economy.\u201d<\/p>\n

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StartNest announced its closure on its Facebook page where a number of people spoke glowingly about its impact on them in its two years of operation.<\/p>\n

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Nick Dogulin, who was based at StartNest for a time, said he built lifelong friendships there and its community had a positive impact on his business.<\/p>\n

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\u201cStartNest certainly had an impact in the North Shore, so your mission was more than achieved. Kudos and all the best for future endeavours,\u201d he says.<\/p>\n

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Raising your first round of capital<\/a>? Starting a crowdfunding campaign<\/a>? Want to grow your business with Instagram?<\/a> StartupSmart School can help.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

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