On: Which Way Do You Run?

[noonespecial]

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.

[icedchai → noonespecial]

This 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.

[subpixel → noonespecial]

I can't work out this $30MM - was it a deposit? That seems...insane.

[Qworg → subpixel]

Five 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.