Lending Club

"Moving into Plug and Play Tech Center was one of the best decisions we made in the early days of the company. The space combines flexibility, affordability, and frequent networking opportunities that helped us meet some of our most important partners and investors to date."

So it's a very flexible kind of setting in the beginning where when you're in a situation where you grow from three employees to five and seven and 12 and 15 employees with ... begin to plan for hiring people but knowing that there's very little unemployment in the valley and Google and Apple and growing fast and it's extremely difficult to hire developers. You never know exactly when the new people are going to come and go. So I think the ability to add free cubicles with one week notice is extremely efficient at the beginning and being able to set this up quickly in terms of phone access, of internet access ... I visited this space, the week of December 10 I think, 2006 and we moved in by the end of the year, the first visit and the time we moved in and the phones were set up and we had internet access. It was less than three weeks. It was in the middle of the holidays. So it's really useful to be able to ... to be set up quickly and to be flexible in the beginning. Then on top of that there are the other benefits that I didn't know about when you move into Plug and Play which is a community kind of ... it's a fantastic place in terms of being surrounded by entrepreneurs and you know, the social interaction, professional interaction you can have with other entrepreneurs and all the sort of meetings and conferences that happen in the building are extremely useful as well. So one of the main business development here, we have done so far happened through a person who visited this space over here and gave that person a pitch, a 30-second pitch of what the company was about and he said, hey I know someone who can help and we got a deal done that way."