I want to point out that it really depends a lot on what kind of lab it is. I think for R&D, buying cheap stuff off of ebay or labx is great.

But if your goal is to eventually scale up and build a production lab, you will need to switch your mindset when you get some funding and buy some decent equipment. It can make a big difference from my experience. My company started out at a sub-par lab space with second hand equipment. When we moved to a very well equipped lab, we found ourselves exponentially more productive. Mainly because we no longer have to constantly second-guessing our results due to sub-optimal equipment/reagents. Re-running experiments because of potential equipment failure adds up in terms of resources and psychological stress.