Atlas Venture Also Considering a Cambridge Address
Earlier this month, I promised that this blog won't become obsessed with the real estate decisions of Waltham's venture capital firms, but -- just one more tidbit...
I'm told that Atlas Venture has been sniffing around Cambridge office space. The firm moved from Back Bay to Waltham only in 2002, but tech/cleantech partner Jeff Fagnan (who lives in Brookline) seems interested in nudging the office back to the city; chief financial officer Kristen Laguerre, who lives in Sudbury, will also be a key decision-maker. Atlas' lease in Waltham is up next year, and it's absolutely possible that the firm could opt to stick around Waltham or another western 'burb, though spokesman Matt Burke notes that many of Atlas' life sciences investments are in Cambridge.
Earlier this month, Waltham-based Greylock announced that it will be moving in to Harvard Square come January.
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About Scott Kirsner Scott Kirsner was part of the team that launched Boston.com in 1995, and has been writing a column for the Globe since 2000. His work has also appeared in Wired, Fast Company, The New York Times, BusinessWeek, Newsweek, and Variety. Scott is also the author of the books "Fans, Friends & Followers" and "Inventing the Movies," was the editor of "The Convergence Guide: Life Sciences in New England," and was a contributor to "The Good City: Writers Explore 21st Century Boston." Scott also helps organize several local events on entrepreneurship, including the Nantucket Conference and Future Forward. Here's some background on how Scott decides what to cover, and how to pitch him a story idea.
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In addition to the shift back into the city of the "hot" industries for vc, I think some of this has to do with so-called "quality of life" issues with respect to office location. The view from Mount Money is nice, but who the heck wants to have to get into their car just to have lunch? Also, the traffic on 128 is at least as bad, and probably worse than the Pike into town, a destination that is also reachable by train (and 5 minutes from the Airport). There is also that little issue with some of your target entrepreneurs saying "Waltham? Which stop on the Red Line do I get off at to get there?"