“If I were a shareholder there, I’d be embarrassed by the way these guys are wasting their time and management attention and, of course, ultimately the money,” he said. New York start - up Knotel has ambitious expansion plans that include occupying nearly two million sq ft of office space in New York by the end of the year and developing a blockchain system providing data about office leasing that rewards users with the Knotel koin cryptocurrency . Knotel has expanded to 45 locations in New York , San Francisco and London since a $ 50 m funding round last year and has just announced a further $ 70 m in new funding . Knotel , founded three years ago by Amol Sarva , is the third biggest flexible services company operating in New York after WeWork and IWG .
New York start - up Knotel has ambitious expansion plans that include occupying nearly two million sq ft of office space in New York by the end of the year and developing a blockchain system providing data about office leasing that rewards users with the Knotel koin cryptocurrency . Knotel has expanded to 45 locations in New York , San Francisco and London since a $ 50 m funding round last year and has just announced a further $ 70 m in new funding . Knotel , founded three years ago by Amol Sarva , is the third biggest flexible services company operating in New York after WeWork and IWG .