An apartment works well if your co-founders are around (as roommates, or in the living room with a big table)

But it's important to have the right kind of crowd around. If you are hard at work and all your rommie does is play XBox all day (no fingers at you pranav!) then it gets crazy.

So definitely depends on the roommate situation.

I'm doing this right now ... have a 1 bedroom and getting work done on the dining table! And it works great!