Y Space Won 2nd Place in 2018 BYOBB Startup Competition

We are pleased to announce that Y Space LLC won the 2nd place in the 20th Annual Be Your Own Boss Bowl (BYOBB), one of the nation’s oldest and most lucrative pitch competitions.

Here at Y Space, we are on a mission to create inspired living: right people, right places. This unique mission addresses two major social issues confronting major countries today: rising cost of living and loneliness epidemic.

  • According to a 2017 research by Joint Center for Housing Studies of Harvard University, in the United States, 47% renters are considered cost-burdened (who spend over 30% of income on housing), and 25% are severely cost-burdened renters (who spend over 50% of income on housing). Because of the rising housing cost, 1 in 3 American adults now lives in shared households. Among these 79 million Americans living in shared households, 40 million are living with unrelated roommates. (Pew Research Center, 2018).
  • Ironically, while more people are living with roommates, more Americans are chronically lonely. In the 2017 Harvard Business Review cover story, former U.S. Surgeon General, Dr. Vivek Murthy wrote, “Loneliness is a growing health epidemic. We live in the most technologically connected age in the history of civilization, yet rates of loneliness have doubled since the 1980s. Today, over 40% of adults in America report feeling lonely, and research suggests that the real number may well be higher. Additionally, the number of people who report having a close confidante in their lives has been declining over the past few decades.”

Living with a compatible & inspiring roommate, combined with a gamified co-living community can not only save you lots of money, but also create a supportive social environment that motivates you to thrive. That’s what we offer here at Y Space – an inspiring living space that focuses on your WHY. 

P.S. Wondering how much you can save by living with a roommate in different cities? Check out a great article by SmartAsset:

What a Roommate Saves You