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WeWork Is Cutting About 7% of Staff

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Re: WeWork Is Cutting About 7% of Staff

#2
I guess I don't understand why any startup would pay 300-500/per desk. While I'm building I look to cut all expenses across the board and leave only the bare minimum required to function and create effectively.

Can someone give an anecdote on when a shared workspace like this was beneficial to their startup's growth?

Re: WeWork Is Cutting About 7% of Staff

#3
Not a fan of the ad block detection. I'm probably not going to click on bloomberg links any more. I already stopped clicking fortune links. I'd appreciate if there was a weight against sites that used that personally.

Re: WeWork Is Cutting About 7% of Staff

#4
post #2

I guess I don't understand why any startup would pay 300-500/per desk. While I'm building I look to cut all expenses across the board and leave only the bare minimum required to function and create effectively. Can someone give an anecdote on when a shared workspace like this was beneficial to their startup's growth?

Startups hate leases. If you have 10 people, it's often hard to say if you'll need 100 desks or 0 desks in two years.

Re: WeWork Is Cutting About 7% of Staff

#5
post #2

I guess I don't understand why any startup would pay 300-500/per desk. While I'm building I look to cut all expenses across the board and leave only the bare minimum required to function and create effectively. Can someone give an anecdote on when a shared workspace like this was beneficial to their startup's growth?

Some people will swear that being around other people building things has value that is hard to quantify. Someone will reply with their anecdote about how, while working in a shared workspace environment, they met someone who became instrumental to their company's success. That's what I hear every time this conversation is had.

To me it sounds a bit like playing the networking lottery at a very high cost.

Re: WeWork Is Cutting About 7% of Staff

#6
post #2

I guess I don't understand why any startup would pay 300-500/per desk. While I'm building I look to cut all expenses across the board and leave only the bare minimum required to function and create effectively. Can someone give an anecdote on when a shared workspace like this was beneficial to their startup's growth?

To add to the other comment. There is a lot of flexibility in being able to go month to month. Not only desk count but location. Leasing a unit even a small office is a lot of hassle in silicon valley. Takes a chunk of capital and a lot of time to find a location.

Additional these places can be attractive for remote workers and freelancers. Its offers a community of individuals in same/similar industries. Clean bathrooms, usually basic amenities.

Edit: Just to add, I worked at a co-working place in downtown San Francisco. I think we spent maybe ~1 year there. Started with a couple desks, ended with maybe 8 desks and then we moved out. It gets expensive but it offers a level of flexibility that we found valuable at the time.

Re: WeWork Is Cutting About 7% of Staff

#7
post #6
post #2

I guess I don't understand why any startup would pay 300-500/per desk. While I'm building I look to cut all expenses across the board and leave only the bare minimum required to function and create effectively. Can someone give an anecdote on when a shared workspace like this was beneficial to their startup's growth?

To add to the other comment. There is a lot of flexibility in being able to go month to month. Not only desk count but location. Leasing a unit even a small office is a lot of hassle in silicon valley. Takes a chunk of capital and a lot of time to find a location. Additional these places can be attractive for remote workers and freelancers. Its offers a community of individuals in same/similar industries. Clean bathr…

interesting, i couldn't see this scaling past 3-4 people. i figure the dedicated desk might be worth it, or at least space to get out of the house and network, but for 2500 5 people can probably do better even with flexible arrangements

Re: WeWork Is Cutting About 7% of Staff

#8
post #2

I guess I don't understand why any startup would pay 300-500/per desk. While I'm building I look to cut all expenses across the board and leave only the bare minimum required to function and create effectively. Can someone give an anecdote on when a shared workspace like this was beneficial to their startup's growth?

Ditto...in London that explains the success of http://ministryofstartups.uk/

Re: WeWork Is Cutting About 7% of Staff

#9
post #3

Not a fan of the ad block detection. I'm probably not going to click on bloomberg links any more. I already stopped clicking fortune links. I'd appreciate if there was a weight against sites that used that personally.

I don't even use an ad blocker and got the popup on load.
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