The Wing Has $118 Million in Funding, Superfans Like Meryl Streep, and Plenty of Haters. It's Just Getting Started

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'Women were looking for a place where their voices were the dominant ones, and what was going on in the culture made it urgent.'

52 Mercer Street, a five-story building in Manhattan's SoHo neighborhood, on a Wednesday this past June, a visitor had to shimmy through a gaggle of paparazzi and three bouncers issuing wristbands and whisking ticketed guests to a single elevator to the top floor. Inside, thehad been transformed into an assembly hall. There was a murmur of anticipation among the crowd of roughly 400, most of whom contentedly sat for nearly an hour under instructions not to rise from their assigned seats.

Everything a member of the Wing touches has been selected for its Wing-iness, from the art by women, transgender, and nonbinary artists to the jelly on the toast in the café. But if the Wing has become a symbol of the times, it is also a business, and one with a huge sum of venture capital from investors who expect lightning-fast growth. The Wing is often compared with WeWork, which in nine years has opened more than 525 locations and signed up 500,000 members--and which managed to lose $1.9 billion in 2018.

Even the members are curated; they have to apply. Early on, the Wing asked prospects:"Which TV show do you hate that everyone else loves?" Today's application asks for dream dinner-party guests, and includes a longstanding question: How have applicants supported the advancement of women? How the answers are assessed is a mystery to anyone outside the company.

Source: News Formal (newsformal.com)

 

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