NY based Kickstarter is buying the Greenpoint building in Brooklyn in order to make an impact in the borough. This purchase was made with the $10 million raised in their latest round of fundraising. According to the NY Post, CEO Perry Chen said earlier this year that they wanted to remain at 58 Kent Street. The company is three years old and has experienced major success with its crowdfunding model. Currently, there have been more than 27,000 successful projects that have collectively raised over $225 million. Kickstarter gets 5% of the money raised, equating to more than $12.5 million in revenue.
It is unusual for a tech startup to own its own headquarters, which is why others have shied away from doing so. For example, Etsy, which began in Brooklyn in 2005, rents space in DUMBO despite having more than $90 million in revenue. The Greenpoint building that Kickstarter bought was previously a pencil making factory, and the company plans to save the walls and colorful brick. The building will also feature a rooftop garden penthouse for its 50 employees.