Is this really worth doing? Seems like a large productivity sink... Did it make you happier enough at work to be able to rationalize it?
If you expect to only do things for your employees that get them to sit at there desk longer to work more, then its probably not right for you. Yeah perks are good, but good fun and camaraderie in a startup is invaluable.
Do it once in awhile during office hours helps a lot. As much as I love my co workers, somedays I hated spending time with them all day, and then sort of feeling forced to hang out with them after work or else feel like not being part of the team.