If you must lease an office, make it a short one!
Berkonomics
JANUARY 11, 2024
Avoid long-term commitments! It is statistically true that at least half of the young companies funded by angel or venture investors will not survive three years from funding to demise, and more than that percentage will die with two years if not well financed. The greatest burden of either a growing company or one needing to retract and reduce expenses is the office lease – especially in these years after COVID and remote work.
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