Consider it rent+taxes to live in the University environment. You get access to libraries. IT infrastructure. Special equipment and space for your research. Lots of competent smart people eager to help you with your project. How much would you pay for that?
I worked at a startup and between the rent for our office and our individual rents, like 80% of the VC money went into landlord pockets.
Also there are plenty of “tax breaks” you can get so that you don’t have to pay so much. Capital expenditures will be taxed at 0%, so you can get your overall rate down significantly.
I worked at a startup and between the rent for our office and our individual rents, like 80% of the VC money went into landlord pockets.
Also there are plenty of “tax breaks” you can get so that you don’t have to pay so much. Capital expenditures will be taxed at 0%, so you can get your overall rate down significantly.