I'm talking about residential rent, not office space. It contributes massively to the burn rate, especially in New York. To cover the additional living costs, y

I'm talking about residential rent, not office space. It contributes massively to the burn rate, especially in New York. To cover the additional living costs, you need $20k+ post-tax per person, per year, more than you would need in a place like Madison, WI. It wouldn't kill a VC-funded post-series A startup, but it makes it harder to survive on seed funding.