Tue 11th March 2008, 12:21am
QUOTE(Aloft @ Mon 10th March 2008, 5:46pm)
I wonder how much 3000 square feet costs in San Francisco.
In these trying economic times, it's probably a fair guess to say about $2.25 per square foot, per month. That is, maybe $7,000 per month. What's really costing them is headcount. I'm predicting that without a major infusion of benefactor dough, they're going to have burned through all their cash by August or September (based on the November 2007 data I saw that tallied $340,000 in costs for that month).