251–260 of 551 posts
Earlier quoted context omitted.
WeWork is basically a real estate company. Why would they need a data science engineer?
Engineer? Harder to say. Data scientist--that's easy. Stackbucks is very good at looking at demographic data and recognizing where future demand will be new new locations. They basically mark gentrification.
He flew too close to the valuation sun.
I'm so glad I read hacker news. I almost took a job at WeWork just 2 months ago with a recruiter working very hard to convince me I'd be rich when they IPO. Now I'm at a much smaller startup called Weave which is a really phenomenal place to work. I didn't discover until recently that it's also a YCombinator company. edit: to clarify, hacker news has been extremely skeptical of WeWork for some time, due to this, I wa…
Could this be a turning point in the current tech bubble ? Might be a good opportunity to bring valuations back to sane levels before things get too extreme and damage lots of livelihoods.
Could someone explain to me why this is happening? Is it a metoo situation?
Earlier quoted context omitted.
> but I predict WeWork is still going to be around in another decade. There's clearly a ton of demand for what they provide There's also a TON of rent-a-desk places. The big questions are: - What's the benefit to a large corporation doing this instead of lots of small companies? (The economies of scale need to outweigh the large corporate overhead.) - What's WeWork's secret sauce or first mover advantage?
>What's the benefit to a large corporation doing this instead of lots of small companies? (The economies of scale need to outweigh the large corporate overhead.) I like this way of thinking. WeWork isn't doing anything "new" - coworking spaces have existed for years. What's the upside of having a giant corporation owning all coworking spaces, versus having many small and independent small businesses running and opera…
Say you're a pretty large company and suddenly decide you want to open a dozen 'offices' in a dozen different countries. You just have to deal with one provider, one set of infrastructure etc. Plus if you decide you then want to consolidate to half-a dozen offices, it's easier to scale some up and some down.
However companies like Regus have existed for ages - so not quite sure what WeWork brings, aside from being able spaff away profits to get you in the door.
I'm so glad I read hacker news. I almost took a job at WeWork just 2 months ago with a recruiter working very hard to convince me I'd be rich when they IPO. Now I'm at a much smaller startup called Weave which is a really phenomenal place to work. I didn't discover until recently that it's also a YCombinator company. edit: to clarify, hacker news has been extremely skeptical of WeWork for some time, due to this, I wa…
I must say, I am jealous. It seems a bit unfair to me how computer engineers are getting hired and paid so well, while my economics degree is useless and I have to fight like crazy to get a job that pays WAY less than engineers get. Honestly, I studied economics because I wanted a job that pays well - that was one of the key criteria - and now I am standing with little money and a job I hate. It sucks.
Earlier quoted context omitted.
> I almost took a job at WeWork just 2 months ago with a recruiter working very hard to convince me I'd be rich when they IPO. Independently of what you read here, you saw right through this as total bullshit, right? Right?
Not sure why you're being downvoted. It's a good question. Yeah I saw through it. I've seen too many people screwed out of their options to put any stock in it (heh). Funny enough, my current company seems to have pretty good odds at making me a good chunk of change from my options, but I didn't even know I got options until after I accepted the offer. Many companies flaunt it and give a weak offer accordingly. That'…
Even though the less they have raised, the more valuable your equity is likely to be. It's fascinating to watch.
I can just imagine Prof Galloway taking victory laps and talking about how the big dog is awesome ! https://www.profgalloway.com/wewtf-part-deux https://twitter.com/JordanBitterman/status/11765494016213483...
>We will now need additional capital from the private markets, who are no longer under the influence
>We has gone from unicorn to distressed asset in 30 days.
>In just seven days, We lost more value than the three biggest losers in the S&P 500 have lost in the last year combined: Macy's, Nektar Therapeutics, and Kraft Heinz.
I have to pause each time and re-engage my brain to realize he is talking about the company and not himself.
I'm significantly enjoying the level to which this fiasco has made investors look like dolts. One can only hope that it does something to pierce the narrative about the possession of capital making people visionary
I'm so glad I read hacker news. I almost took a job at WeWork just 2 months ago with a recruiter working very hard to convince me I'd be rich when they IPO. Now I'm at a much smaller startup called Weave which is a really phenomenal place to work. I didn't discover until recently that it's also a YCombinator company. edit: to clarify, hacker news has been extremely skeptical of WeWork for some time, due to this, I wa…
I must say, I am jealous. It seems a bit unfair to me how computer engineers are getting hired and paid so well, while my economics degree is useless and I have to fight like crazy to get a job that pays WAY less than engineers get. Honestly, I studied economics because I wanted a job that pays well - that was one of the key criteria - and now I am standing with little money and a job I hate. It sucks.
EDIT: I guess I should add I really did not care for the work and stopped after 2-3 years to start my own company. I do a lot of the same work today, but as the Founder, I obviously control the company and my workload.