Ted Leonsis is many things. He’s the CEO of Monumental Sports and Entertainment as well as the owner of the Washington Wizards. He is also an alumnus of Georgetown University, which he contributes to through his Leonsis Family Entrepreneurship Prize, a pitch competition event that allots $100,000 to Georgetown students with ideas for startups. This year, one of the most intriguing startups to be funded with this prize was Hatch.
Winning $30,000, Hatch is a D.C.-focused co-working and child care startup launched by Georgetown MBA students Kelsey Lents and JP Coakley. The startup is similar to co-working businesses like WeWork, but offers both a full-time and part-time child care option.
In an interview with DC Inno, Lents said, “There are a lot of co-working spaces that have cropped up nationally, and for us, the co-working is what allows us to create a viable solution for parents to put their child in child care without losing that child-parent relationship ... What we’re really trying to give our parents is that connection back with their kids.”
Hatch hopes to open its first location in the fall of 2018. The locations currently being sought out are Tenleytown and Spring Valley. Already, their waitlist is around 70. Once open, there will be approximately 130 daycare spots.
Prices range from $300 per month for a shared desk and $550 per month for an office space up to $1,200 per month for part-time child care and $2,100 per month for full-time child care.
• Hatch [Official Website]
• Georgetown Entrepreneurs Win $100,000 in Prizes at “Bark Tank” Event [Georgetown University]