It's easy to start a startup but it's costlier than ever to scale it.
Added over 1 year ago | As appeared first on tomtunguz.com
It's becoming more and more expensive to scale a startup in San Francisco. In fact, it's twice as costly to operate a startup in 2014 as it was in 2009. According to data from Jones Lang LaSalle, office prices in San Francisco have nearly doubled in five years from $36 per square foot per year to $63. Typically businesses allocate about 150 square feet of office space per employee. Given the market rate for office space, hypothetical 20 person Series A startup will spend about $200k per year... Continue reading on tomtunguz.com
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