261–270 of 551 posts
Further undercutting his position: eccentric behavior that was detailed in a Journal articlelast week, such as a party-heavy lifestyle that included marijuana use in an airplane and unpredictable management decisions.
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I had a similar comical situation with Uber a couple months ago. I was arguing that the offer they gave me was a paycut compared to my current position. The recruiter explained to me that I should value the stocks not on the latest valuation but on the 100% certain 250B$ valuation on IPO day. Unfortunately recruiters get a bonus when you sign and are not accountable for anything down the line. They have all the incen…
> I should value the stocks I only accept sign on bonuses, keep your stock, it's worth a lot... right?
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.
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Same here, and only by reading the headlines. A WeWork recruiter reached out to me. I laughed out loud and added it to the list of companies I would never work for. Not only do they do nothing interesting, but they are apparently unethical as well. No doubt another failed tech bro pump 'n dump scheme headed to the dustbin of history.
Definitely just another failed tech bro pump 'n dump scheme headed to the dustbin of history. I seriously doubt that. I think they're overvalued too, but I predict WeWork is still going to be around in another decade. There's clearly a ton of demand for what they provide.
Right now, no-one is competing against We because they are selling a dollar at 60 cents to their customers. The second they stop doing that, there will be a dozen clones. We is worthless.
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.
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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'…
As a recruiter, there's an interesting relationship, whereby people use funding raised as a positive metric (oh yes, they raised $200m, this must be a good company!) Even though the less they have raised, the more valuable your equity is likely to be. It's fascinating to watch.
CNBC reporting his Class B and C shares will be further reduced from 10:1 to 3:1 voting rights, so he no longer will control the majority of votes. https://www.cnbc.com/2019/09/24/wework-ceo-adam-neumann-is-e...
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If you don't include the economics of the business model in the evaluation, you could say exactly the same of Juiceroo. There's clearly significant demand for juice presses.
Not a valid comparison -- Juicero didn't really manage to sell its product, while many people and companies rent WeWork's space
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> 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…
And on-the-ground ops just require intuitive software to enforce standard operating procedures. The last two coworking spaces I've worked at both used different SaaS solutions for coworking-space management, with customer portals and all. I'm almost certain WeWork's edge has been commoditized.
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> 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…
An advantage I see as a customer is that I can go to any WeWork across the country and get a desk/coffee/etc for the day. I can get that from a few other coworking places, but I don't think any have the number of locations that WeWork does.