Silicon Valley entrepreneur lived at AOL office

PALO ALTO, Calif. (AP) — 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 reports (http://bit.ly/LMIb0k) 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.

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Information from: San Jose (Calif.) Mercury News, http://www.mercurynews.com

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