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I don't suspect that his "dark" feeling came from prescience about the impending dotcom crash. Locking a fledgeling business into a $30M lease should feel dark
by noonespecial 7y ago
I don't suspect that his "dark" feeling came from prescience about the impending dotcom crash. Locking a fledgeling business into a $30M lease should feel dark in any economy.
- subpixel 7y agoI can't work out this $30MM - was it a deposit? That seems...insane.
- Qworg 7y agoFive years, $6M a year, 60,000 sq feet (roughly 150-300 employees, depending on how it is organized). You lock a lease and you're on the hook.
- icedchai 7y agoThis sort of activity was very common during the dot com days. I witnessed a startup with a barely functioning product spend over $2 million upgrading their office space after raising close to $30 million. 3 years later it was "acquired" for a fraction of the investment, of course.