General Assembly has long downplayed its coworking services in New York City, choosing instead to emphasize its networking and education potential. Now the startup is moving away from coworking altogether.
In a blog post Friday, the company said that three years after opening its doors to New York startups looking for space to rent, it will stop offering its coworking services.
“It is not a decision we took lightly – but it is a necessary one as we work to expand our global network of students and alumni,” CEO and co-founder Jake Schwartz said in the post. “For a long time now, coworking has been a small part of the “business” of GA, even as it has remained important as a reminder of community as a founding an ongoing value of our company.”
As Schwartz mentions in his update, the city is now chock full of coworking spaces catering to its startups. Many of them rely on events and networking opportunities to bolster their business, but General Assembly has really established itself as a hub for classes on technology, business and design.
The startup, which has campuses around the world (although it only offered coworking in New York), plans to help its current members find spots at other coworking spaces. It will continue to offer hackathons, panels and other networking events and expect to see many more classes and educational opportunities now that it has additional space.