I just realized that the last raise was at a $44 billion valuation. That seems unhinged. With the numbers in the S-1 filing, a valuation of closer to $20 billion seems more appropriate.
The We Company S-1
311–320 of 346 posts
Re: The We Company S-1
#312Is there anybody here who believes WeWork will eventually be profitable? I know most of the people here are skeptics but I'm interested in hearing the other side.
Re: The We Company S-1
#313Earlier quoted context omitted.
It's not a tech company, it's a property company with the valuation of a tech company.
It's a property company that's planning tracking everything people do in their buildings. >WeWork's latest acquisition is a small software company with 24 employees. Euclid is a spatial analytics platform...Euclid's website says the company is "focused on redefining the workplace experience of the future." Translation: optimizing every aspect of the physical workplace so workers are their most productive. Euclid does…
Did Euclid / WeWork realise that many people prefer to work from home? My past 14 years of professional experience would net WeWork 0 rental income.
Re: The We Company S-1
#314Earlier quoted context omitted.
Nit, peruse means to read carefully with an attention to detail.
Pick to your nit: https://www.merriam-webster.com/words-at-play/peruse-usage The casual reading meaning, although not the original one, has been in use since the 1500's.
I find this interesting. I've never heard anyone use this word with the meaning that Merriam Webster (and other dictionaries) give as its primary meaning (as in, the one which includes attention to detail).
It always means "just looking around" whenever I hear anyone use it.
Would be interested to hear other's thoughts. Maybe MW should consider changing the order of their definitions.
Re: The We Company S-1
#315"Our mission is to elevate the world consciousness". Let it never be said that tech startups were not very Californian.
Since this is neither a tech startup, not a California company, not sure what your comment is meant to say.
Re: The We Company S-1
#316Earlier quoted context omitted.
in a recession, is short term, flexible office space more or less desirable?
Wouldn't anyone spending money on that just cheap out and go with a library or cafe or home-office to save money? Sure, not working at home is great for productivity for some people, but when push comes to shove, their customers can largely move elsewhere, right?
Maybe if you work alone. But there are plenty of corporate customers of WeWork who will never, ever tell their employees to "work out of a cafe".
The problem of course is that not all customers are big corporates - some are small firms that will scale back spending, or even close, if a recession hits.
Re: The We Company S-1
#317Earlier quoted context omitted.
"We have free lunch, a ping-pong table and a VR room with monthly fitness days"
Actually they don't have free lunch, which is quite strange for Silicon Valley companies
We all know there is no such thing as a free lunch.
(In seriousness, it is neither a Silicon Valley company nor a tech company. All it has in common is that it is using VC funding and SV-style brand marketing to grow to spectacular proportions relative to its underlying revenues)
Re: The We Company S-1
#318Earlier quoted context omitted.
This is what seems to not be understood by a lot of investors and people commenting on investments. Amazon could have turned a profit years earlier if they wanted to. Instead it made more sense to continue spending all of their money on expansion and R&D. It's the same with Tesla. They are selling a shit ton of cars at good markup. If they wanted a profit, they could have one. They just don't want one right now.
Tesla can't achieve profit even after extreme cuts across the board, including capex. Their capex minus D&A has been declining for a while and is negative. https://twitter.com/TESLAcharts/status/1123186053811032064?s...
Is a tweet tagged with `$TSLAQ` really a good source?
Re: The We Company S-1
#319Earlier quoted context omitted.
Adam is extraordinarily humble. Everyone, including Adam, would never exaggerate. Adam is a part of everything. He is in the sky and sea. He is in the dreams of children at night. He is all that there is, forever.
Adam can do anything... the only limit... is himself.
http://zombo.com/ is still alive and ... in Flash.
Re: The We Company S-1
#320Earlier quoted context omitted.
> they’re blown out by marketing photos, full-page charts, and branding Companies get a lot of latitude with the first few pages. Seasoned S-1 skimmers peruse that stuff, but save the digging in for the risk factors, financials and the accompanying notes.
Nit, peruse means to read carefully with an attention to detail.
"When I use a word, it means just what I choose it to mean—neither more nor less." -- Lewis Carroll