Investment Review: Switchyards
This post is part of my angel investing series where I review investments after they’re completed. These posts are not investment advice, solicitations, or offers of any kind. They are simply my thoughts on companies I’ve invested in and how they fit into my thesis.
For background on my approach to angel investing and my investment thesis, see my introduction to this series.
Company Overview
Switchyards is reimagining the neighborhood workspace. They’re building beautiful, community-focused workspaces in residential neighborhoods rather than downtown areas, meeting people where they actually live and creating local communities around work. Their vibe is significantly better than you’re thinking.
Thesis Fit
Macro trends:
- Remote work is here to stay, but people still want community
- Traditional office spaces are struggling to adapt
- People want to work close to home but not at home
- Growing desire for community in an increasingly digital world
Founder fit:
- Strong track record in community building
- Deep understanding of both real estate and technology
- Previous successful ventures in Atlanta
- Clear vision for neighborhood-focused workspaces
Conclusion
This investment aligns well with my thesis around businesses that are capitalizing on permanent changes from Covid-19. The way we work has fundamentally changed, but our need for community hasn’t. Switchyards’ approach of bringing beautiful workspaces to neighborhoods rather than expecting people to commute downtown is a compelling solution to this new reality.
Note: This review is written after the investment was made and is not intended to be forward-looking or to provide any form of investment advice. It represents my personal views and learning journey in angel investing.