After months of financial troubles and rocky negotiations with their landlord, low-cost Portland office space provider CubeSpace is shutting its doors.
CubeSpace owners Eva Schweber and David Kominski sent out this depressing email last night:
For roughly three years, Eva and I have poured ourselves into CubeSpace. We have poured in all of our financial resources, and have never taken any salary. We have poured the vast majority of our energy into CubeSpace. We have poured most of our attention into CubeSpace. Now, we have no more to put in. We are tired and broke, and it is now time for us to move on… CubeSpace has served as a central meeting place. It has served as a clubhouse. It has been a default place to hold community events. We now need others in the community to step up and offer up meeting places.
The “co-working” building on SE Grand offered cheap office space to a handful of nonprofits and tiny progressive businesses in town — they’re all out of luck.
does harrison ford support this?
> The “co-working” building on SE Grand offered cheap office space to a handful of nonprofits and tiny progressive businesses in town
I, for one, am shocked, SHOCKED, that an enterprise with that business plan could not be profitable.
Work from home. Save money.
It was a silly place.
Take heart, I’ve been there – take some time off to heal. Monetizing “The Commons” has always been a challenge. Forget the wise guys – there were important lessons learned from which we could all benefit. I’d love to see you guys share your trailing thoughts in couple of months.
The owners of CubeSpace could write a book about their experiences – that could be one way to make money from it. Business enthusiasts might enjoy finding out what worked, what didn’t, and why – so they can avoid the mistakes themselves. I wonder if they spent too much time working in their business and not on it.