Think Space

What Think Space does

Think Space is a privately held meeting and retreat center headquartered in Lansing, Michigan, operating from a historic 1919 Standard Oil service garage on the banks of the Grand River in the Riverfront Business Center. Founded in 2015 by Dave Seitz and Traci Riehl, the company rents out four configurable meeting spaces — The Idea Vault (up to 8 participants, flat-rate pricing from $325 half-day), The Main Room/Big Idea Room (up to 25 participants, $65–$85 per person), The Nest (up to 4 participants, free), and The Complete Space bundle (up to 28 participants, $75–$85 per person) — to businesses, nonprofits, and small groups seeking an alternative to conventional conference rooms. Each space includes commodity AV equipment (Apple TV, Roku, HDMI, projectors, HDTVs), stocked kitchens, brain-boosting snacks curated by a registered dietitian, and amenities such as a Fun Zone and an Un-bored Room configurable loft.

The underlying technology stack is straightforward meeting-room infrastructure rather than proprietary software: presentation and collaboration hardware, mobile and wall whiteboards, wireless audio, conference phones, WiFi, and a direct-to-consumer booking website at thinkspacelab.com. Beyond physical space, Think Space sells professional services — custom facilitation, team building, leadership training, board development, innovation talks, and public policy development — delivered by on-site partner Riehl Solutions at a discount when bundled with room rental. There is no mobile app, no public API or SDK, and no AI/ML components identified.

The business model is direct-to-consumer, transactional, and geographically constrained to a single Lansing venue. Customers book via website, phone, or email; revenue is generated entirely from per-event room rental plus ancillary facilitation services. The company markets through its website, customer testimonials, and word-of-mouth, with no disclosed resellers, distributors, or external funding. Capacity is capped by physical space at roughly 28 attendees per event and the site has been operating continuously since 2015 with a micro headcount of 1–10 employees.

Name

Think Space

Legal name

Think Space

Website

https://thinkspacelab.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

1–10 employees

Short description

Think Space is a private, single-location meeting and retreat center in Lansing, Michigan that rents four configurable event spaces to businesses, nonprofits, and small groups, supplementing room rentals with on-site facilitation services from partner Riehl Solutions.

Ownership category

akta.pro rank

Product category

Meeting Space Rental

NAICS

Interior Design Services (541410)

SIC

Hotels, Rooming Houses, Camps & Other Lodging Places (7000)

akta.pro industry

PRIMARYBPAHAKAI

Space Planning & Workplace Design

Business & Public Services/Professional Services (Legal, Accounting, Consulting)/Architecture, Design & Planning Services

Keywords

• Meeting space rental
• Business retreat center
• Meeting facilitation services
• Creative meeting venue
• Offsite meeting rooms

Headquarters

HQ city

Lansing

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Others

Revenue model

1. Meeting Space Rental: Think Space generates revenue by renting out configurable meeting spaces including The Main Room (Big Idea Room), The Idea Vault, The Nest, and Complete Space combinations. Pricing is per-person with minimums, or flat rates for private rooms. Additional revenue comes from add-on services like the Idea Vault breakout space.
2. Additional Services: Beyond space rental, Think Space offers facilitation services, team building, leadership training, board development, and innovation talks at discounted rates when combined with space rental. Partner services from Riehl Solutions are also available on-site.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Think Space is a creative business meeting and retreat center in Lansing, Michigan that rents out four distinct, configurable meeting venues (The Idea Vault, The Main Room/Big Idea Room, The Nest, and The Complete Space) with audio/video equipment, stocked kitchens, and curated snacks. It also offers facilitation, team-building, leadership training, board development, and innovation-talk services through its on-site partner Riehl Solutions at discounted rates when bundled with space rental.

Product overview

Think Space is a unique business meeting and facilitation center located in Lansing, Michigan, offering creative and inspiring meeting spaces. The portfolio consists of four distinct venue spaces: The Idea Vault (historic bank vault meeting room for up to 8 people), The Main Room/Big Idea Room (bi-level facility for up to 25 people), The Nest (small breakout space for up to 4 people), and The Complete Space (combined Idea Vault and Main Space for up to 28 people). All spaces include audio/video equipment, snacks, beverages, and creative amenities. Additional services include facilitation, team building, and leadership training offered through on-site partner Riehl Solutions.

Differentiator

Problem solved

Functional benefit

Products and services

• The Idea Vault A single-use meeting room in a historic bank-vault space for up to 8 participants, suited to sales presentations, interviews, and small group meetings. Includes HDTV, Apple TV, HDMI, fully stocked fridge, snacks, whiteboards, and writing utensils.
• The Main Room (Big Idea Room) Bi-level, fully equipped meeting facility for up to 25 people, designed for off-site meetings, presentations, trainings, and board retreats. Includes 2 HDTVs, 2 Apple TVs, projector, fully stocked kitchen, Fun Zone, Un-bored Room (configurable loft), glass-board, and whiteboard.
• The Nest Smallest creative breakout space for up to 4 participants, rentable as a free add-on with the Main Room or on its own for small groups, interviews, or remote workers. Includes WiFi, light snacks, coffee, water, sodas, wireless stereo speakers, conference phone, whiteboards, pens, markers, paper, post-it notes, printer/copier, and free parking.
• The Complete Space Combined rental of The Idea Vault and The Main Space for up to 28 people. Includes a breakout conference room, loft in the main room, 3 HDTVs, and multiple Apple TVs.
• Additional Meeting Services Facilitation, team-building, leadership training, board development, and innovation / business reinvention talks delivered on-site by Riehl Solutions and bundled at a discount with space rental. Also includes public policy development facilitation.

Quantifiable outcome

• Creative and productive meetings with non-stop conversations and great ideas
• +1 more outcomes

Named customers3 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Riehl SolutionscoreStrategic or Co-development PartnerRiehl Solutions is an on-site partner company located within Think Space that provides facilitation and consulting services. They offer custom facilitation services, team building, leadership training, board development, innovation talks, and public policy development. Think Space offers these services at a discount when combined with space rental.

Scale indicators3 records

Recent moves7 records

Expansion highlights3 records

Direct peers

• Peerspace: Peerspace is an online marketplace for booking distinctive event and meeting spaces by the hour or day across hundreds of cities. It is directly comparable to Think Space in core use case (renting creative, short-term spaces for meetings and gatherings), but operates as a marketplace platform rather than as a single venue.
• Splacer: Splacer (acquired by Peerspace in 2020) was an event-space marketplace that connected users with unique venues for meetings, retreats, and productions. Directly comparable to Think Space in providing access to distinctive short-term spaces, though as a two-sided marketplace rather than an operator of one venue.

Broad incumbents

• Industrious: Industrious provides premium, design-forward flexible office and meeting spaces across dozens of U.S. markets. Comparable as a provider of professionally designed meeting environments for corporate clients, but operates as a national flexible-workspace brand rather than a specialized creative-meeting venue.
• Hilton Hotels (event and meeting spaces): Hilton operates meeting and event facilities across its global hotel portfolio, including dedicated small-meeting and team-retreat packages. Comparable as a direct substitute for Think Space's core use case of hosting small-group corporate off-sites, though at much broader scale with standardized hotel infrastructure.
• IWG (Regus): IWG, parent of Regus and other workspace brands, operates thousands of meeting rooms, offices, and coworking spaces worldwide. Comparable in offering on-demand professional meeting space rental to businesses, though at massive global scale and as a broad workspace platform rather than a creative-niche operator.
• WeWork: WeWork is a global flexible-workspace operator offering coworking, dedicated offices, and on-demand meeting rooms in design-forward environments. Comparable in providing professionally curated meeting spaces for businesses, but at much larger scale and as part of a broader coworking platform.
• Marriott Hotels (event and meeting spaces): Marriott and its brands operate extensive meeting and event facilities across thousands of hotels globally, including small-meeting and retreat packages targeted at the same corporate customer base Think Space serves. Hotels represent the most established substitute for off-site business meetings.
• Convene: Convene (now part of Boston Properties) operated premium meeting and event venues combining designed spaces with full-service hospitality—a close conceptual analog to Think Space's combination of creative environments, professional service, and facilitation. Comparable in concept but at urban Class A scale.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/in/david-seitz-4327b2
• Xx.com/thinkspacelab

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Think Space