The Case for Office Space: Choices for Every Stage and Need One size doesn't fit all when finding digs for your startup. Here's a look at some of the options.
When Gary Darna and Jaime Rump secured $650,000 in seed funding for CompleteSet, the online collectibles marketplace they founded in 2012, they were happily operating in a co-working space provided by Cincinnati startup catalyst Cintrifuse. But the pair soon realized that the growth sparked by that cash would require a move to something bigger.
"We went from two people to almost 10 in about two months, and it became clear we needed our own office space," Darna says. "We had too many people to make a co-working space economically viable, and we had vintage toys, board games and displays all over the place and didn't want them getting in other people's way. So we took the leap and got our own space."
It's a familiar scenario to many startups: The first months (or even years) are often executed from the couch, basement or kitchen table. But as the business grows, it's time to move -- and where you go is important. Your location can affect your company's productivity, creativity and community, not to mention budget. Insiders agree that choosing the right environment depends on the work that's being done and the people who are doing it. Before you commit, consider the pros and cons of four kinds of workspaces.