This is cool news for the Meatpacking District. Betaworks Studios is opening an invite-only club this spring that is supposed to help to promote connections between venture capitalists, entrepreneurs and others in the tech industry. When talking to Business Insider, Betaworks founder and CEO John Borthwich said, “In the startup community, we’re seeing an isolation among builders and an inability to connect with one another. With Betaworks Studios, we’re creating a physical space to open up the best of Betaworks to a larger community.”

 

He explained that he envisions it functioning like the lobby of a tech conference. As he explained, “The inspiration is that there’s a lot of people who pay high ticket prices to go to a conference to find that what’s happening in the lobby is often times the best thing there.”

How will it work? Prospective members will apply through the Betawork site and, if they are accepted, will pay $2400 a year to be a member.