Campus was founded by Tom Currier, a 2011 Thiel Fellow who received funding from Peter Thiel to drop out of Stanford University. The startup quickly expanded to nearly 30 co-living properties across San Francisco and New York City during its two-year operation.
Its rapid growth and association with the prestigious Thiel Fellowship program generated significant media attention and investor interest, helping the company raise roughly $2 million in seed funding.
Campus struggled to make its co-living business model economically viable despite rapid expansion. On June 18, 2015, CEO Tom Currier announced that Campus would cease operations on August 31, 2015, citing the challenge of achieving sustainable unit economics.
The closure displaced approximately 150 tenants across San Francisco and New York City, ending a high-profile experiment in communal urban living after just two years.
Campus operated a co-living housing model in San Francisco and New York City, leasing large residential properties and renting individual or shared rooms to members seeking communal living experiences. The company furnished properties and organized community events for residents.
Members paid rent on a month-to-month basis and gained access to shared common spaces, forming a network of nearly 30 co-living houses across both cities.
