Since 1995, Tom Alberg and the rest of the crew at Seattle venture capital firm Madrona have bankrolled startups from some nondescript offices at 1000 2nd Avenue.
But that will change come September 30th as Madrona — an investor in companies such as Cheezburger, Redfin, SNUPI and Jama Software — moves into new digs. They are not moving far — basically across the street to the 34th floor of the Wells Fargo Building at 999 3rd Ave.
“We looked all over and we also looked at where our companies were located. In the end Wells Fargo offered us a central location at the square footage we wanted and it was a space we could create from scratch,” said Madrona’s Erika Shaffer.
The new space will put the investment team on one floor, and it is about 30 percent larger than the old offices. It will also include some high-tech touches, as well as use reclaimed Madrona wood in the design.
Why the boost in office space?
Shaffer tells us that it will enhance the firm’s ability to host more entrepreneurs with short-term space, something that Madrona has done for years. In fact, startups such as Rover, Farecast, Skytap, Z2 and Placed all got rolling in the Madrona offices.
Madrona raised a $300 million venture fund last year, the largest in the firm’s history.