Like many companies that raise a series A round, grow to hundreds of customers and start getting national attention for their technology, the founders at Spreedly have had to professionalize a bit in recent months.
September 29, 2016
Inside Spreedly’s New Office in Durham
With a staff topping 30 and hundreds of customers, this payments startup is building a company culture and putting roots in Durham.
That’s meant a brand new office in downtown Durham with space to grow, as well as a sort of culture that is unique and attractive to the kind of engineering talent Spreedly hopes to lure and then keep.
The video below tells a bit of that story and goes inside the walls of the startup’s revitalized laundry facility on Durham’s Foster Street.
Spreedly is the brainchild of a trio of entrepreneurs who want to make it possible for companies to accept any form of payment seamlessly and securely online or via mobile devices. Justin Benson, Nathaniel Talbott and Duff O’Melia originally built a subscription management platform, but pivoted in 2013 when customers really loved the vault they’d built to store and process various forms of payment.
They mostly worked out of their homes, but raised money via AngelList later that year and eventually grew to 12 people working in a small office on Main Street in Durham.
But that number has grown to 30 (five are remote) after the men raised $2.5 million almost a year ago. And the growing employee count begged for larger, more collaborative space.
Part of the culture at Spreedly is only two mandatory days in the office—Tuesday and Thursday—but it also involves a space that is flexible and convenient for employees that choose to come in every day.
Talbott explains Spreedly as a company that wants its employees to be comfortable and engaged at work—various types of seating, dining and meeting spaces allow for that—and focused at home or remote. Meetings aren’t typically scheduled Monday, Wednesday or Friday—those are reserved for quiet, serious chunks of working time.
“Balancing work greatness with life greatness”, as the Spreedly website says, is a value for the founders. They offer the typical benefits and 401K plans but also paid maternity and paternity leave and an open vacation policy.
On the day we toured the building, Spreedly had opened its space for friends and community members to work, walk to lunch together and then hang out afterward for drinks and a cookout. It wasn’t meant for recruiting or selling. Community, says Talbott, is a value too.