You are here

VaynerMedia sues co-working startup over unpaid rent

Talk about a case of sour grapes.

VaynerMedia, the digital marketing agency founded by entrepreneur and wine fanatic Gary Vaynerchuk, is suing co-working startup LedianSpace, alleging its sublessee owes more than $250,000 in unpaid rent.

According to a complaint filed in New York State Supreme Court Thursday, LedianSpace signed a three-year sublease for VaynerMedia’s office at 373 Park Avenue South in September 2013. But the startup eventually fell behind on paying its nearly $42,000 monthly rent, the suit alleges.

Read Complete Article