A Precursor Ventures speaker distinguishes between founders leasing bigger offices to signal growth and attract talent versus those charging $50,000 restaurant bills to the company. The first is strategic; the second looks like self-enrichment dressed up as business.
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And now we're back in a moment where founders have power. And as I talked about to our team, I think there's a really big difference between ambitiously getting an office that's too big for you because you deep down believe you're going to grow into it, and you want to send a signal to candidates that we're a company that's going places and spending $50,000 on the corporate Amex at Nobu, taking all of your friends to dinner once a week for a year. Those two things to me are like categorically different uses of both, of which you could argue are suboptimal. But one, I think is coming from a place of putting the company first, and the other one is probably closer to self enrichment.