In A Key Shift, Pinterest Is Leaving Palo Alto And ... - Business Insider

After weeks of rumors, it's really happening: Pinterest, the visual interest-sharing network, has packed up its Palo Alto office and is moving to San Francisco.

Sarah Tavel, an international growth executive at Pinterest, noted the move on Twitter and confirmed that Pinterest's new office would be in San Francisco.

TechCrunch first reported that Pinterest was looking at office space in San Francisco last month?specifically 410 Townsend, an office near San Francisco's Caltrain station, a desirable neighborhood for startups.

There are two factors driving Pinterest to San Francisco?a push and a pull.

The push is simply the lack of room to grow in Palo Alto. Facebook got its start in downtown Palo Alto, but rapidly outgrew a series of offices along University Avenue. First it moved to an office park near Stanford University, and then it left Palo Alto altogether for the former Sun Microsystems campus in Menlo Park. Google and PayPal likewise got their start downtown but couldn't stay as they expanded.

Palantir, a secretive data-mining firm, is taking most of the space available in downtown Palo Alto. (It recruits heavily from Stanford.)

LinkedIn currently lists 44 members working at Pinterest, and it's hiring swiftly after raising $100 million in May.

The pull is the desire for talent of all sorts?engineers, designers, and dealmakers alike?to live in San Francisco. Tavel, for example, lives in San Francisco and crowed about how the move would shorten her commute.

"Pinterest is moving to me!" she told a friend on Twitter.

We haven't been able to pin down Pinterest's new address. The company's privacy policy still lists its old High Street address in Palo Alto, as does its registration with the California Secretary of State's office.?Barry Schnitt, Pinterest's recently hired head of communications, didn't respond to a Facebook message asking for comment on the move.

Don't Miss: Here Are Incredible Photos Of The Office Pinterest Is Leaving Behind >

Source: http://www.businessinsider.com/pinterest-san-francisco-palo-alto-move-2012-7

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