We had two floors for around 5-6 months, so the rent was closer to $140k per month for those. Food & Drink was also more for those periods, so my guess is the total is closer to $3MM.
I did also not account for all the furniture costs in that section (however, I suspect ~50% of the furniture will get used in the future either by projects by our team or other projects we like, so it’s not all sunk cost).
A quick fermi for how much furniture we bought is something like 40 standing desks (~$600) + 40 office chairs (~$600) + 20 couches (~$1000) is more than half of it, then give a factor of 2x for everything else (rugs, end-tables, lights, etc), which comes out to $136,000.
As I say, ~50% will get kept and used for other stuff, so it’s only about $80k of further sunk cost.
Am I right that in this year and a half, you spent ~$2 million (£1.73m)? Seems reasonable not to continue this if you don’t think its impactful
A bit more than that!
We had two floors for around 5-6 months, so the rent was closer to $140k per month for those. Food & Drink was also more for those periods, so my guess is the total is closer to $3MM.
I did also not account for all the furniture costs in that section (however, I suspect ~50% of the furniture will get used in the future either by projects by our team or other projects we like, so it’s not all sunk cost).
A quick fermi for how much furniture we bought is something like 40 standing desks (~$600) + 40 office chairs (~$600) + 20 couches (~$1000) is more than half of it, then give a factor of 2x for everything else (rugs, end-tables, lights, etc), which comes out to $136,000.
As I say, ~50% will get kept and used for other stuff, so it’s only about $80k of further sunk cost.