Before it launched in January, biotech startup EQRx wasn’t quite large enough to justify leasing — and paying for — a full office, let alone a standard 30,000-square-foot lab space. Founders Alexis Borisy and Melanie Nallicheri were running the firm out of their homes.
But potential investors and new hires generally want an address and a conference room — so EQRx made a common, temporary compromise: It subleased some desks and conference rooms from another biotech firm that had signed up for more space that it needs.
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