'Shark Tank' Investor Daymond John Launches New, High-End Co-Working Space
Daymond John, the founder and CEO of the $6 billion clothing brand Fubu and star investor on the ABC series Shark Tank, today unveiled his latest business: a co-working venture called Blueprint and Co. The roughly 25,000-square-foot space is designed to be a place for high-profile executives and entrepreneurs to come together for networking, mentorship, venture capital funding, and general support, John explains in an interview with Inc.
"After my third season on Shark Tank, I had [invested in] all of these products and all of these companies, but I needed to find different people who could help me with them," he says of his decision to start Blueprint and Co. "I was putting some of my companies in the smaller, better known co-working spaces, where there are things like Ping Pong day and beer night, but there really wasn't a place where I felt comfortable going," John adds, referring to startups such as WeWork, the $16 billion co-working business based in New York City.
"The WeWorks of the world have a great product," he adds, "but that product is generally really appealing to a startup." Blueprint and Co, by contrast, will be aimed at more "seasoned executives."