How Did WeWork’s Adam Neumann Build a $47B Company?

Post by kemitche » Mon, Jun 10, 2019, 11:32 PM UTC

sharadov wrote: post #30

spaceman_2020 wrote: post #23

My WeWork has three kinds of clients. The first kind sit in the dedicated desk area, work 10-12 hours/day and rarely leave the space for community events. They're either serious consultants/freelancers or just starting their own startups. The second kind sit in the shared desk area and basically dick around all day. They attend all the community events and use WeWork as mostly a networking/dating hub. Who they networ…

It's interesting that godaddy would opt for a wework rather than leasing office space and setting it up. Probably less cost and hassle?

Post by tptacek » Mon, Jun 10, 2019, 11:38 PM UTC

jfb wrote: post #104

tptacek wrote: post #82

Earlier quoted context omitted.

I'm not a believer in WW's business model, but this is an overly-cynical take. We're a company that "started" in WeWork, have our own office now, and in fact moved a different office of ours from a private space in Long Island to a WeWork in Manhattan. What WeWork offers to small businesses is quite valuable: an instantly-obtainable month-to-month lease, at relatively reasonable rates, with all standard office amenit…

It's much easier to offer people something they want if you are undercutting your competition by subsidizing your business with dumb investor money.

Post by simonebrunozzi » Mon, Jun 10, 2019, 11:54 PM UTC

_vuqm wrote: post #105

sharadov wrote: post #15

I have the next billion-dollar business idea, an " Airbnb for coworking spaces". Convert your existing house to a co-working space. Looked at Wework, already pay too much for rent in the Bay area. I work from home, and would not mind the company. Got good coffee and great beer as well!

While there are a few companies that are actually trying to build this idea with renting out homes by the hour, at Out Of Office[0] we're working on a similar concept of a more general marketplace for coworking spaces. We've scouted hundreds of locations in San Francisco, both free and bookable, that you can search for in our app. You can find coffee shops, hotel lobbies, public spaces, or book private desks, and con…

Post by xenospn » Mon, Jun 10, 2019, 11:59 PM UTC

ghaff wrote: post #42

nugget wrote: post #17

Earlier quoted context omitted.

>Most viable businesses with a steady revenue stream can afford to rent office space and furnish it on their own Yes, but do they want to? My experience is that companies increasingly want to focus on their core competencies and nothing else, especially if the non core areas come with overhead in the form of full time employees. I could easily see non-HQ locations outsourced to a company like WeWork. For a satellite…

It's a bit like the discussions you read around cloud provider costs vs. doing things in-house (or whatever). There are a lot of overheads associated with a big company doing peripheral tasks in-house. For example, to your point, that 50 person satellite office probably needs a full-time office manager and then all the costs that percolate upstream associated with having a full-time office manager and another lease t…

Post by xenospn » Tue, Jun 11, 2019, 12:06 AM UTC

_vuqm wrote: post #105

sharadov wrote: post #15

I have the next billion-dollar business idea, an " Airbnb for coworking spaces". Convert your existing house to a co-working space. Looked at Wework, already pay too much for rent in the Bay area. I work from home, and would not mind the company. Got good coffee and great beer as well!

While there are a few companies that are actually trying to build this idea with renting out homes by the hour, at Out Of Office[0] we're working on a similar concept of a more general marketplace for coworking spaces. We've scouted hundreds of locations in San Francisco, both free and bookable, that you can search for in our app. You can find coffee shops, hotel lobbies, public spaces, or book private desks, and con…