Startup in Silicon Valley are seeing a great phase of growth, where startups that has been attracting VC for funding. Once the Funding comes in, the company goes on for a mass advertisement on billboards, Tvs and more medium of Advertising.
Raising $17M+, We Still Work Out of an Apartment
Many Startups have not even started earning for the funding they have got from VC’s. But here is a Startup, where they have pumped in more than $17M, and they still work on their apartment where they have started their journey. It not about the spending money by moving into a new office, but to build to great product that gives you a great profitability and huge success of the product you focused to build.
The After School App Team, where they have grown to dozen after funding and set to the target of building their product. The Team works out of one co-founder’s one-bedroom apartment. They do not have conference room to host meetings
Raising $17M+, We Still Work Out of an Apartment school team
As said by the Team:
We’re nowhere near accomplishing our long-term goals or our vision of what “success” is. We need to be investing our time and money into building product, new safety features and growing our team, not hiring interior decorators and implementing perks that could prove to hurt us in the long-term.
If you are a small startup (10 employees or less) and paying for a flashy office space, you’re wasting money and missing out on opportunities to build a close-knit team. Ditch the office, set up the bunk beds, and use the money saved to improve your company, not your work space.