AOL Squatter Finds New Home

After secretly living inside AOL headquarters for months, young entrepreneur Eric Simons received $50,000 in new funding and is renting a house in Palo Alto.

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    NEWSLETTERS

    Young entrepreneur Eric Simons lived inside AOL headquarters in Palo Alto while he was trying to build a startup. The only problem: he didn't work at AOL. (Published Monday, May 28, 2012)

    A Silicon Valley entrepreneur who secretly lived at the office of AOL Inc. to save money now has his own place.

    The San Jose Mercury News reported that 20-year-old Eric Simons recently received $50,000 in new funding and is renting a house in Palo Alto.

    Simons ended up at AOL with a $20,000 grant from a business incubator that used AOL's Palo Alto office.

    When he was no longer able to pay rent, he made the office his home. He kept clothes at the AOL gym, slept on couches and grabbed snacks that were set out for everyone in the morning.

    He was caught after about two months in December by a manager in the building. But his story — first reported by technology website CNET last week — has generated a buzz that has attracted other investors.