Apple Partner Needs Much Bigger Space
There's a tenant in an old trunk factory in the Mission that's on the verge of exploding in size. Stripe, which helps power online and mobile payments systems for Apple, Twitter and Alibaba, is HQ'ed at 18th and Folsom and has an active requirement for 300k SF. Sources tell us the startup has been scouring the Bay Area: South Bay, Oakland, Marin and extensively in the city. There's no LOI yet, and it's not close to any decision, sources add. In fact, Stripe leased a building across the street in the Mission to accommodate current growth. Stripe counts Sequoia Capital, Peter Thiel and Elon Musk as investors.