Self-storage database makes plans to expand its Austin headquarters
After two weeks in an Austin business incubator program, SpareFoot co-founders Chuck Gordon and Mario Feghali already knew they had found the home for their new company.
Since its launch in late 2008, SpareFoot has grown to become the world's largest online self-storage marketplace. Originally intended to help homeowners rent out their unused space for storage, SpareFoot evolved in 2009 after storage companies started signing up for the site.
"We called [the storage businesses] and realized they were just desperate for new customers and would lose their sites unless they got occupancy up," Gordon said. "We realized that maybe storage sites are the real opportunity here."
Connecting people to vacant storage sites has helped SpareFoot double its revenue annually, he said, enabling the company to hire 125 people in downtown Austin.













