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	<title>Betabeat &#187; Kickstarter&#8217;s New HQ Will Be a Gutted Greenpoint Pencil Factory [UPDATED]</title>
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		<title>Betabeat &#187; Kickstarter&#8217;s New HQ Will Be a Gutted Greenpoint Pencil Factory [UPDATED]</title>
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		<title>Kickstarter&#8217;s New HQ Will Be a Gutted Greenpoint Pencil Factory [UPDATED]</title>

		<comments>http://betabeat.com/2012/08/kickstarters-new-hq-will-be-a-gutted-greenpoint-pencil-factory/#comments</comments>
		<pubDate>Thu, 09 Aug 2012 09:20:48 -0400</pubDate>
					<link>http://betabeat.com/2012/08/kickstarters-new-hq-will-be-a-gutted-greenpoint-pencil-factory/</link>
			<dc:creator>Kelly Faircloth</dc:creator>
				
		<guid isPermaLink="false">http://betabeat.com/?p=57908</guid>
		<description><![CDATA[<p><div id="attachment_57919" class="wp-caption alignleft" style="width: 310px"><a href="http://nyobetabeat.files.wordpress.com/2012/08/58-kent-street-resi-conversion.jpeg"><img class="size-medium wp-image-57919" title="58-kent-street-resi-conversion" src="http://nyobetabeat.files.wordpress.com/2012/08/58-kent-street-resi-conversion.jpeg?w=300" alt="" width="300" height="225" /></a><p class="wp-caption-text">Part of the Eberhard Faber Pencil Company, though not the building in question. (Photo: Brownstoner)</p></div></p>
<p>No more nomadic roaming for Kickstarter: the 40-employee company is putting down roots with the purchase of what <a href="http://www.nypost.com/p/news/business/nice_starter_home_hlaR9ZrVc82VaW04hALeTI?utm_medium=rss&amp;utm_content=%20%20%20%20%20%20%20%20Business">the <em>New York </em><em>Post</em> dubs</a> "a ruin"—the landmarked husk of a Greenpoint pencil factory. Oh, to be Lena Dunham and have the appropriate generation-defining wisecrack for this situation!</p>
<p>CEO Perry Chen informed the community board back in June that, “We are hoping to stay at 58 Kent [Street] forever—to be our permanent headquarters.” What is this "permanent" of which you speak? Whatever happened to pulling up stakes with every addition of 15 employees?  <!--more--></p>
<p>In a detail sure to warm the hearts of typewriter-loving startup folk across the city, the landmarked building was home to the Eberhard Faber Pencil Company factory for nearly a century, from the 1870s until its relocation in the 1950s. But at this point, according to the <em>Post</em>, just about all that remains is "a two-story wall of mixed red bricks and boarded arched windows." <a href="http://www.flickr.com/photos/emilio_guerra/with/5326765697/#photo_5326765697">These Flickr pics </a>offer a nice virtual tour of the area, though we aren't exactly sure which one is 58 Kent.</p>
<p>Kickstarter plans to convert this pricey shell (cost: $3.6 million) into an idyllic startup HQ, complete with rooftop garden penthouse. Behold, the perfect synecdoche for Mayor Michael Bloomberg's economic strategy.</p>
<p>For the truly voyeuristic, someone is already keeping <a href="http://buildingkickstart.wordpress.com/">a blog </a>of the company's progress on the building.</p>
<p>All Things D <a href="http://allthingsd.com/20110317/kickstarter-fesses-up-the-crowd-sourced-funding-startup-has-funding-too/">reported last year</a> that the company had raised $10 million of financing to date. A little back-of-the-envelope math (courtesy of the <em>Post</em>) suggests that, given Kickstarter's 5 percent cut of all money raised, the company has raked in more than $12.5 million. Are they just <em>looking</em> for things to do with all that cash?</p>
<p><em>Correction: Originally this post stated that the cost of the building was $7.5 million, and that the company is at 50 employees. Those figures have been corrected. The wording also suggested that Kickstarter had recently closed a round of funding, which is not correct. Betabeat regrets the error. </em></p>
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		<content:encoded><![CDATA[<p><div id="attachment_57919" class="wp-caption alignleft" style="width: 310px"><a href="http://nyobetabeat.files.wordpress.com/2012/08/58-kent-street-resi-conversion.jpeg"><img class="size-medium wp-image-57919" title="58-kent-street-resi-conversion" src="http://nyobetabeat.files.wordpress.com/2012/08/58-kent-street-resi-conversion.jpeg?w=300" alt="" width="300" height="225" /></a><p class="wp-caption-text">Part of the Eberhard Faber Pencil Company, though not the building in question. (Photo: Brownstoner)</p></div></p>
<p>No more nomadic roaming for Kickstarter: the 40-employee company is putting down roots with the purchase of what <a href="http://www.nypost.com/p/news/business/nice_starter_home_hlaR9ZrVc82VaW04hALeTI?utm_medium=rss&amp;utm_content=%20%20%20%20%20%20%20%20Business">the <em>New York </em><em>Post</em> dubs</a> "a ruin"—the landmarked husk of a Greenpoint pencil factory. Oh, to be Lena Dunham and have the appropriate generation-defining wisecrack for this situation!</p>
<p>CEO Perry Chen informed the community board back in June that, “We are hoping to stay at 58 Kent [Street] forever—to be our permanent headquarters.” What is this "permanent" of which you speak? Whatever happened to pulling up stakes with every addition of 15 employees?  <!--more--></p>
<p>In a detail sure to warm the hearts of typewriter-loving startup folk across the city, the landmarked building was home to the Eberhard Faber Pencil Company factory for nearly a century, from the 1870s until its relocation in the 1950s. But at this point, according to the <em>Post</em>, just about all that remains is "a two-story wall of mixed red bricks and boarded arched windows." <a href="http://www.flickr.com/photos/emilio_guerra/with/5326765697/#photo_5326765697">These Flickr pics </a>offer a nice virtual tour of the area, though we aren't exactly sure which one is 58 Kent.</p>
<p>Kickstarter plans to convert this pricey shell (cost: $3.6 million) into an idyllic startup HQ, complete with rooftop garden penthouse. Behold, the perfect synecdoche for Mayor Michael Bloomberg's economic strategy.</p>
<p>For the truly voyeuristic, someone is already keeping <a href="http://buildingkickstart.wordpress.com/">a blog </a>of the company's progress on the building.</p>
<p>All Things D <a href="http://allthingsd.com/20110317/kickstarter-fesses-up-the-crowd-sourced-funding-startup-has-funding-too/">reported last year</a> that the company had raised $10 million of financing to date. A little back-of-the-envelope math (courtesy of the <em>Post</em>) suggests that, given Kickstarter's 5 percent cut of all money raised, the company has raked in more than $12.5 million. Are they just <em>looking</em> for things to do with all that cash?</p>
<p><em>Correction: Originally this post stated that the cost of the building was $7.5 million, and that the company is at 50 employees. Those figures have been corrected. The wording also suggested that Kickstarter had recently closed a round of funding, which is not correct. Betabeat regrets the error. </em></p>
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