Pincus Considering Opening San Francisco Startup Incubator
Tonight at the PandoMonthly fireside chat between Mark Pincus and Sarah Lacy, Pincus dropped a little bit of a bombshell on the local San Francisco startup community. Pincus shared that he is considering opening a new startup incubator space in a building that he owns.
Unsurprisingly, this elicited a loud "woo" from the audience.
According to Pincus, the self-described "worst real-estate investor in the world," he purchased an old potato chip factory in San Francisco before he started Zynga and refitted the entire building to be a working space for a startup. Pincus poured in $3 million of his own money, adding multiple kitchens and all of the facilities for a startup.
Then Zynga was founded, with $5 million in venture capital, and the space has remained unused. But in a place like San Francisco, where space is tight, it would be a perfect fit for a startup incubator.
Which is exactly where Pincus' mind is headed right now.
Of course, as Lacy mentioned, PandoDaily needs space. Hint, hint.