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michaelpinto | 9 years ago
"Venture capitalist Michael Cardamone, the tournament’s co-organizer, approves of young companies buying tables with venture funds. “You absolutely should,” he says. “It’s part of building culture.”"
michaelpinto | 9 years ago
"Venture capitalist Michael Cardamone, the tournament’s co-organizer, approves of young companies buying tables with venture funds. “You absolutely should,” he says. “It’s part of building culture.”"
jychang|9 years ago
Little things like free food and ping pong tables actually offer a massive return on investment.
cylinder|9 years ago
dabeeeenster|9 years ago
jonnathanson|9 years ago
Yes, provided everything else about the company is working. People are productive. The product is showing signs of fit. People believe in the founder(s)' vision and in the CEO's direction. Under these circumstances, things like ping pong tables and free meals can offer amazing ROI.
But when your first few business moves are shopping for fancy digs and filling the space with ping pong tables, your priorities are questionable. Morale can't be bought with trinkets. Morale is earned with a strong sense of collective mission and product traction. The rest is icing on the cake.
This distinction is often lost on people, who rush off to buy foosball tables as though the mere presence of such will trick employees into being happy and productive. It's a very '90s attitude: "People want to work for a startup that looks startupy." Well, sure. But the best people want to work for a startup that has a real shot at success, first and foremost.
bnegreve|9 years ago
That's a rather strong assumption.
joelrunyon|9 years ago
> Startups pay up to $2,300 for a high-end Butterfly-brand table.
Your point stands, but the pricing is quite different.
jon-wood|9 years ago
golergka|9 years ago
In previous company, it was a pool table and game room with Rocket League. In one before that, foosball. Regardless of the game, having some game that is played regularly by coworkers together really helps to build positive relationships and create a team. Definitely worth investor's money.
TrevorJ|9 years ago