S9E7: Christelle Rohaut is Matching Employers with Modern Office Spaces using Codi

24 Oct 2023 · 37 min
Episode

24 Oct 2023 · 37 min

0:00

In this episode of The Room podcast, host Madison McIlwain and co‑host Claudia interview Christelle Rohaut, founder and CEO of Codi, a prop‑tech startup that turns underutilized spaces into turnkey private offices for modern hybrid work. Christelle shares her upbringing in a walkable French city, her academic path through École Polytechnique and UC Berkeley’s city‑planning program, and early work on smart‑city projects in Chile. A fellowship with the Ellen MacArthur Foundation sparked the idea of repurposing empty residential homes for daytime coworking. After a year of bootstrapping a home‑based MVP (bagels, friends’ houses, Berkeley students), she realized freelancers were a poor fit and pivoted to serving startups that needed private, flexible office days. The COVID‑19 pandemic forced a second pivot: the supply shifted from homes to vacant commercial real‑estate, aligning with a booming demand for hybrid work (average two office days per week). Christelle describes the chronic pain points of commercial leasing—long broker cycles, opaque pricing, 45‑page leases, and high vacancy rates (45% in San Francisco, 19% in NYC). Codi’s solution is a managed marketplace that offers ease, speed, and flexibility: fully furnished private offices that can be booked on a day‑by‑day basis, with no long‑term lease risk for tenants. She discusses the Series A round led by Andreessen Horowitz, the first investor Geoff Doniker, and offers fundraising advice (rank investors, align with long‑term partners, raise on momentum). Scaling is city‑centric: local “city managers” handle operations, sales, and real‑estate relationships, while the platform matches supply and demand. Looking ahead, Christelle envisions more shared hybrid leasing, minimal new construction for environmental reasons, and continued expansion beyond the Bay Area. Personal highlights include her 2023 marriage and the lasting influence of a high‑school history teacher.

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