Pincus Considering Opening San Francisco Startup Incubator

By Trevor Gilbert , written on July 19, 2012

From The News Desk

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.

We’re here at Madrone Studios with Mark Pincus, and you can watch a livestream of the event right here.