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Caveday offering 'virtual accountability' programs for remote workers

Yahoo Finance Live anchors Rachelle Akuffo, Seana Smith, and Dave Briggs discuss a new program called Caveday, which helps remote employees stay focused during the workday.

Video Transcript

[MUSIC PLAYING]

RACHELLE AKUFFO: Working from home has presented a slew of challenges since the pandemic began over 2 years ago, including the loss of focus that comes with working alongside colleagues at the office. But what if the office could be brought to you? Well, that's where Caveday comes in.

Offering a sort of virtual WeWork solution, users can pay Caveday a monthly fee of $39.99, to schedule-- to schedule sessions in Zoom caves, where you can get the feeling of accountability that comes from working at the office. Now, sessions span the globe and its time zone 7 days a week. And workers share their name, location, and stated goals before getting to work.

Now, users can then separate into breakout rooms, if they want, and foster relationships, similarly to how we would in a traditional office. So I, I thought this was an interesting concept. I'm not sure what-- what the real point of it is.

Because you're being held accountable by people you don't know. So then you have to focus on keeping them accountable, while you're also trying to doing do your own work. I just really don't see the point of this. Dave?

DAVE BRIGGS: I love it. And quite frankly, I struggle in that environment, working at home, because of what they're talking about. Accountability, I can't grind. I can't focus. I often get lackadaisical.

I look at the dog. I see the outside. "Oh, I'm going to go outside." My wife might ask me something. I need someone like this.

Now, where I come to where I have an issue with it, is the price point. 40 bucks is a little steep for a guy that's watching the different streaming services and wanting to cut one out. There is another one, by the way, called Focusmate, which is actually $5 a month.

It is a little bit of a different service, but a similar concept. That's more along the lines that I could afford. But I do love this concept.

SEANA SMITH: I like the concept. I think it's a really good idea. I think there are some people out there, like our very own Dave, who would really benefit from it. I think I could benefit--

DAVE BRIGGS: ADHD.

SEANA SMITH: --from it sometimes too. And some of the pros of this, that they listed on the website. Encourages concentration, deep focus on work and forces adequate breaks.

Now, you can take options for either 1 to 3 quote, unquote, "50-minute sprints," where you would concentrate and do your work for 50 minutes at a time. So it's someone outside of your own household, holding you accountable. I think it works. It's a steep price to pay.

DAVE BRIGGS: Yeah.

SEANA SMITH: But I do think it's a good idea, especially at a time when there's only a handful of companies, or very low number of companies that are forcing their employees to come back to the office, many people want that option, to work from home. So this company is giving that to them. And also, making sure that they're a little bit more productive.

DAVE BRIGGS: $500 a year though, that's a pretty steep price.

SEANA SMITH: It's a very steep cost, yes.