Reading time: 3 minutes

As a recently fledged startup looking for somewhere to establish your operations, selecting the right space and environment is critical to future business success. We compare three of Sydney’s most popular coworking spaces on a number of criteria below.

Fishburners

Environment: A not-for-profit organisation, Fishburner’s was founded by veteran venture capitalist Pete Davison and multiple time startup founder, Mike Casey. It aims to foster the pioneering values reflected in its namesake, a supply ship in the first fleet, through extensively supporting the startups that use its collaborative facilities. The expansive space, housing startups in a spacious converted warehouse in Ultimo, has cultivated over 621 startups during its existence. With an expansion planned in the coming months, it is now expected to be able to host over four times the number of its current startups when it moves to its new CBD premises.

Application Process: Fishburners only accepts early stage tech-based startups (less than $20, 000 revenue). If this requirement is met, you must then demonstrate in your application that you have the necessary skills and cultural fit to become a Fishburners Member. More specifically, they want to see startups that have scalability and are indeed executable by the teams behind them

Benefits of Acceptance: Membership at Fishburners entails access to exclusive events, Q&A sessions, workshops and connectors who will put entrepreneurs in touch with relevant industry contacts. There is also plenty of opportunity for skill sharing with employees, team members and mentors from across a range of disciplines. There is also a generous offering of deals for members including free Dropbox Business Account, $2000 worth of Google Credit and complimentary access to Github.

Tank Stream Labs Coworking Space

Environment: In a prime location on Bridge Street in Sydney’s CBD, Tank Stream Labs currently has over 250 full-time members. On-site amenities range from storage, internet and meeting rooms to value adding features like investor networks and being part of a far-reaching start-up community.

Application Process: The application process consists of a quick online form followed by a screening discussion with the general manager. Tank Stream Labs ideal applicants are post-launch startups from with around 2-20 employees. A well developed digital business model is the most valued selection criteria used throughout the process.

Benefits of Acceptance: With a number of dedicated events, 2500 sqm of coworking space and free fibre optic internet, Tank Stream Labs provides ample advantages for joining.

Stone & Chalk Co-Working Space

Environment: Also situated on Bridge Street, Stone & Chalk aspires to help startups redefine financial services through achieving new levels of customer service and technological delivery. The space comes equipped with secure office suites, board rooms, bike racks and printing facilities.

Application Process: Stone & Chalk focuses exclusively on fintech startups, with an intensive six-month selection process. Overridingly, it seeks to ensure a ventures founders have a vision for disruption through employing fintech, something which they are funded to do so by pre-existing financial giants like Westpac.

Benefits of Acceptance: Once accepted, the benefits more than justify the effort put into the application, with accelerator programs, funding streams and collaboration opportunities with financial industry leaders, government organisations and major technology companies all part of the package.

Key Takeaways

It is important to take account for the factors above and the compatibility of the space with the size and nature of your startup. Beyond the obvious criteria such as the type of startup allowed, a more in-depth enquiry should be undertaken by startups to evaluate the suitability of a coworking space. Questions? Get in touch with our startup lawyers.

Webinars

Redundancies and Restructuring: Understanding Your Employer Obligations

Thursday 7 July | 11:00 - 11:45am

Online
If you plan on making a role redundant, it is crucial that you understand your employer obligations. Our free webinar will explain.
Register Now

How to Sponsor Foreign Workers For Your Tech Business

Wednesday 13 July | 11:00 - 11:45am

Online
Need web3 talent for your tech business? Consider sponsoring workers from overseas. Join our free webinar to learn more.
Register Now

Advertising 101: Social Media, Influencers and the Law

Thursday 21 July | 11:00 - 11:45am

Online
Learn how to promote your business on social media without breaking the law. Register for our free webinar today.
Register Now

Structuring for Certainty in Uncertain Times

Tuesday 26 July | 12:00 - 12:45pm

Online
Learn how to structure to weather storm and ensure you can take advantage of the “green shoots” opportunities arising on the other side of a recession.
Register Now

Playing for the Prize: How to Run Trade Promotions

Thursday 28 July | 11:00 - 11:45am

Online
Running a promotion with a prize? Your business has specific trade promotion obligations. Join our free webinar to learn more.
Register Now

Web3 Essentials: Understanding SAFT Agreements

Tuesday 2 August | 11:00 - 11:45am

Online
Learn how SAFT Agreements can help your Web3 business when raising capital. Register today for our free webinar.
Register Now

Understanding Your Annual Franchise Update Obligations

Wednesday 3 August | 11:00 - 11:45am

Online
Franchisors must meet annual reporting obligations each October. Understand your legal requirements by registering for our free webinar today.
Register Now

Legal Essentials for Product Manufacturers

Thursday 11 August | 11:00 - 11:45am

Online
As a product manufacturer, do you know your legal obligations if there is a product recall? Join our free webinar to learn more.
Register Now

About LegalVision: LegalVision is a commercial law firm that provides businesses with affordable and ongoing legal assistance through our industry-first membership.

By becoming a member, you'll have an experienced legal team ready to answer your questions, draft and review your contracts, and resolve your disputes. All the legal assistance your business needs, for a low monthly fee.

Learn more about our membership

Anthony Lieu
Need Legal Help? Submit an Enquiry

If you would like to get in touch with our team and learn more about how our membership can help your business, fill out the form below.

Our Awards

  • 2020 Innovation Award 2020 Excellence in Technology & Innovation Finalist – Australasian Law Awards
  • 2020 Employer of Choice Award 2020 Employer of Choice Winner – Australasian Lawyer
  • 2020 Financial Times Award 2021 Fastest Growing Law Firm - Financial Times APAC 500
  • 2020 AFR Fast 100 List - Australian Financial Review
  • 2021 Law Firm of the Year Award 2021 Law Firm of the Year - Australasian Law Awards
  • 2022 Law Firm of the Year Winner 2022 Law Firm of the Year - Australasian Law Awards