Airbnb Commits To SF By Signing A 10-Year, 169,000 Square Foot Lease (sf.curbed.com)
Airbnb signed a 10-year lease for the historic 888 Brannan building. The lease is for over 169,000 square feet, and Airbnb plans to move in by February of next year to accommodate the company's anticipated growth to more than 1,000 employees.
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[ 5.6 ms ] story [ 110 ms ] threadIs there really something useful for 500 developers to do that the top 50 of them couldn't have done?
I've always assumed (since I don't understand it) that it's just a momentum thing. Did you ever consider keeping Airbnb under 100 employees? Would your investors have freaked at that idea? Would it have hurt your growth?
Let's not forget about cars, trucks, bikes, why not start competing with zipcar, Hertz, Budget, Enterprise? Sometimes you need a car when you travel, right?
Commercial REITs are getting into the rental space as well, they might have some sort of deal lined up with large players. Let's also not forget about coworking spaces for when you want to get work done on the road...
Airbnb for play, airbnb for work, airbnb for commercial real estate, airbnb for wheels, airbnb for...
A company's revenue per employee is a common benchmark, and is usually around $600K-$1MM or so for successful companies at or near scale, up to $2.2MM for outliers like Apple(1). A company cannot grow to $100MM revenue and higher without having a large number of employees just to manage those revenue streams, partnerships, contracts, and support issues.
I should add that Instagram had ~13 employees, not two. That is a very low number, but mobile apps are easier to scale, support-wise, than web apps – users are just less likely to bug you, especially with a free app.
(1) Comparing Google, Microsoft, Apple and Amazon's Revenue per Employee: http://www.wolframalpha.com/input/?i=revenue+per+employee+ap...
So honestly, I'm curious---what is AirBnB going to do with ~1000 developers. Facebook expanded their headcount and created a whole suite of products glomped onto their original vision. I'd like to know if AirBnB intends the same and if so what are their plans.
Ofcourse, they have no obligation to blab about them early.
I don't know enough about retail space to say if this is ambitious or not? On the one hand, a ten year lease is a big commitment, on the other hand I guess AirBnB is thinking 'go big or go home', and in that case it might well get cramped sooner than that.
Bubblelicious.
Zoning code issues or hard finding a block of housing to buy with owners willing to sell?
Zoning as only one issue. You most definitely can't run a business in a residential apartment, condo, coop or neighborhood. In some neighborhoods you might slide by depending on the makeup and the neighbors.
http://42floors.com/
The actual building's windows are all painted over and that tree in the foreground does not exist. The freeway overpass pictured just across the street is a homeless encampment strewn with shopping carts, human feces, and needles. The city comes by about once a month to hose the sidewalk down with a noxious bleach solution.
btw, 888 Brannan is just around the corner from Zynga and Adobe.
Edit: this seems to be pretty close to the angle in the picture: http://g.co/maps/xj758
Good point but this appears to be the architect and the drawings on the website look nothing like the rendering that made the curbed story:
http://www.menaarchitects.com/portfolio/002_mixed_office_com...
Obviously, the picture is what the building will look like after renovations are done.
Gensler is doing the interior for Airbnb. This is who is doing the building exterior:
http://www.menaarchitects.com/portfolio/002_mixed_office_com...