September 2023: In the Loop

In this month’s edition of In the Loop learn about the Illinois Science and Technology Coalition and their role in the Illinois STEM ecosystem, as well as celebrate some Member Updates + see what events are happening this October at TeamWorking and elsewhere in the ecosystem.

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Embracing Office Spaces; The Catalyst for Startup Growth 

Office spaces are essential for the growth of startups. In the wake of the 2020 pandemic, remote work became the norm for many companies, including startups. While this shift brought about newfound flexibility, a recent study by James Kim from Reach Capital suggests that office spaces play a huge role in fostering the growth of startups. Kim surveyed Reach Capital’s portfolio of 37 companies and concluded pre-seed and seed-stage startups that had employees returning to the office had 3.5 times the revenue growth of remote startups.

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