What type of office space can you lease with $148,200,000 in venture funding?

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san francisco office space

How did you feel when you walked into your office this morning?

It’s probably not something you took note of. Think about it the next time you’re walking in. If you’re unhappy too many days in a row, your productivity may drop. Your work could suffer. You may even start looking for jobs elsewhere in a few months.

That’s exactly what startups try to avoid by investing in a great office. Startups who experience rapid growth and manage to raise (or make) a large amount of money are willing to go the extra mile to make their office space truly amazing.

Here are a few quickly growing startups who took investing in their office space seriously.

Thumbtack

Thumbtack helps consumers hire experienced professionals to accomplish personal projects (like improving your singing). With a 321% headcount growth rate over the past 2 years and $148,200,000 in funding, Thumbtack took building a beautiful, 23,000 square foot office in SoMa, San Francisco, CA seriously.

Exclusive Bonus: Download the free report of 34 San Francisco Startups That Will Need Office Space Soon

Postmates

Of all the companies in this article, Postmates has the most staggering employee growth. In the past 2 years, their headcount has grown by 2,038%. Delivering anything in your city on-demand, 24/7, PostMates is now available in 15 states, but they call California home. Their digs in San Francisco that host most of their 385 employees aren’t too shabby.

SoundCloud

Now, San Francisco isn’t the only city with beautiful startup office space. SoundCloud, the online community of artists, bands, podcasters and creators of music & audio have bucked the trend. They have offices all over the world to house their 392+ employees, but over $120,000,000 in funding and a 143% headcount growth rate over the past 2 years allowed them to splurge on this beautiful New York City office.

Exclusive Bonus: Download the free report of 21 New York City Startups That Will Need Office Space Soon

NewsCred

Boasting a 177% headcount growth rate over the past 2 years, NewsCred, the leading content marketing software, has built a beautiful homebase in NoMad, New York, New York for its 205+ employees. Here’s the type of space you can afford with $46,750,000 from great investors like FirstMark Capital and Greycroft Partners.

It may be difficult to tie the beauty of an office directly to the success of a company, but we have a feeling these companies are on to something.

Image Credits: Officelovin

Sources: All data from Mattermark

Mattermark Daily – Thursday, April 23rd, 2015

Published on in Mattermark Daily , , , , , , , , by

From the Investors

First Round Capital adds the ability for any startup team to submit a fundraising application on their site to be reviewed by a General Partner in “Introducing the First Round Open App

Brad Feld of Foundry Group responds to Scott Maxwell of OpenView Partners’ post by explaining his two biases and calls value-added VC ‘a different approach’ in “The Paradox of VC Value-Add

David Cummings of Atlanta Ventures itemizes where he imagines Uber is spending around $62.5 million a month to fuel their expansion plans in “Uber Burning $750 Million in a Year

Claire Houry of Ventech Capital provides an inside look at her recommended skills and characteristics needed for a Junior Analyst to rise to the Partner level in “How Could a Junior Analyst Become a Partner in a VC Firm?

Angel Investor Beth Ellyn McClendon encourages women to support STEM education for girls, with the goal of making a ‘long term change in tech for women’ in “The Woman Question

Stephan von Perger of Wellington Partners surfaces a list of the most common mistakes he’s seen founders make in the fundraising process in “29 Early Stage Fundraising Pitfalls

Jay Acunzo of NextView Ventures requires a distribution strategy in pitch decks and offers six examples of how entrepreneurs have presented their plan in “The Most Dangerous Question for Founders to Overlook in Pitches

Bradley Harrison of Scout Ventures gives his guidelines for founders to consider when engaging someone as an advisor in “Advisors Are Valuable, But They Need to Be Engaged in the Right Way

From the Operators

Joyce Akiko of Presidio reveals the path she took from an HR job to self-learning web and product development skills and the challenges she overcame along the way in “How to Transition Into Tech with Self-Taught Skills

Camille Ricketts of First Round Review features Twilio’s CTO Evan Cooke who says, ‘As you build a company, you’re essentially generating predictability where it didn’t exist.’ in “This is How Effective CTOs Embrace Change

Andrew Leonard of Medium’s Backchannel shares the backstory of Othermill CEO Danielle Applestone and why gender diversity is at the ‘core of her company’s DNA’ in “How One Hardware Startup Solved Silicon Valley’s ‘Woman Problem’

Jason Culbertson of Bento details the his interview process to ‘help non-designers effectively interview and determine if a designer is right for the job’ in “How to Interview and Hire a Designer

Ganesh Swami of Silota lays out the steps he believes should be followed right after a SaaS company closes a new customer in “The Required Post-Sales Process Checklist

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Brokers: How to Become a Trusted Early Advisor of a Growing Startup

Published on in real estate, Venture Capital by

mark-zuckerberg-peter-thiel

A familiar story

You’ve already heard the story I’m about to tell you.

In August 2004, Peter Thiel led Facebook’s $500,000 seed round, it’s first source of outside investment. Having founded PayPal, Clarium Capital Management, and Palantir, Thiel was a force in Silicon Valley. His investment took the form of a convertible note, only to be converted to equity if Facebook grew to 1.5 million users by the end of 2004.

The company missed the mark, but Peter Thiel gave them the benefit of the doubt, and left Mark Zuckerberg with a lasting piece of advice. “Just don’t f*ck it up.”  (1)

Peter Thiel was first. He was relevant. He trusted his gut. His initial $500,000 investment turned into a $1+ billion payday 8 years later.

Investing in startups and finding office space for startups is quite similar. If you want to win business and find office space for the fastest growing startups in your city, you need to become a trusted early advisor.

You need to be first. You need to be relevant. You need to trust your gut.

Exclusive Bonus: Download the free report of 34 San Francisco Startups That Will Need Office Space Soon

Act like an investor

product-hunt-growth

A good investor won’t write a check for a startup unless the company is showing signs of growth. Yet, these signs aren’t always obvious. If an investor waits until every major publication is covering a startup, she’ll miss out on the deal.

You don’t want to miss out on deals, but you also don’t want to waste time with startups that will never grow into a large office. Start looking for signs that not everyone else can see. Being first can make or break a career.

Every broker you’ve spoken to recently is buzzing about a particular company, but that doesn’t mean you should waste your time searching for connections you have to its COO or CFO. How much has its headcount grown over the last month? Over the last 6? When was the last time they raised funding? How does its trajectory compare to other startups in the vertical? How is its website traffic growing?

Your answers to those questions will keep you from getting distracted by hype, and shed light on smaller companies that are truly destined for massive expansion. Ones that other brokers are completely unaware of.

Exclusive Bonus: Download the free report of 34 San Francisco Startups That Will Need Office Space Soon

Be relevant online

commercial-real-estate-tools

How can you beat a broker out on a deal when he has a personal connection to the founding team?

At the end of the day, a startup’s founders are held accountable for making the best decisions for the business. If you successfully position yourself as the commercial real estate broker for startups, it would be irresponsible for the founders to go with anyone else. There is one way to make it irresponsible for them to go with a broker just because they are friends.

You can be visible where they are hanging out online. The majority of the startup community spends its time on Twitter, Blogs, and Product Hunt. Pro tip: don’t spam them about what you’re offering as a broker.

Instead, educate yourself on the ecosystem. Read the (shameless plug) Mattermark Daily to see what the most influential investors and founders are talking about every day across blogs. Follow people like Marc Andreessen, Sam Altman, and Dustin Curtis on Twitter for a pulse on the community. Check Product Hunt daily to familiarize yourself with the most talked about new products.

Once you’ve gone through your startup crash course, be yourself. Feel free to comment on products and news in the ecosystem. The next time you’re being introduced to the founder of a hot company, don’t be surprised if they recognize your name or face from somewhere. You will gain a massive amount of respect in that entrepreneur’s eyes if it turns out they remember you from a comment you left on Product Hunt.

Exclusive Bonus: Download the free report of 34 San Francisco Startups That Will Need Office Space Soon

Trust your gut

The odds are now stacked in your favor.

You’re able to use data to uncover the fastest growing startups before everyone else, and you’ve positioned yourself as the startup commercial real estate broker.

The last step to become a startup’s early advisor is trusting your gut. Other brokers you’re competing against may catch wind that you’re venturing into the startup space, or maybe even learn of the specific companies you are talking to.

To beat out the competition, it’s up to you being yourself and conveying to the founders how much you care about their product/service, and how you’ve helped similar teams in the past. If you actually believe in them, and what they are working on, the message will ring true.

And you might be looking at a new life-long tenant.

Exclusive Bonus: Download the free report of 34 San Francisco Startups That Will Need Office Space Soon

Image Credits: NY Post, TechCrunch  

Sources: (1) Peter Thiel Wikipedia page