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WeWork chases new financing as cash crunch looms

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Re: WeWork chases new financing as cash crunch looms

#3

Post by vr46 »

joshstrange wrote: post #2

Does anyone here on HN use WeWork spaces and enjoy them? I'm not suggesting they are bad, I honestly don't know. Ignoring the business model, the CEO, the failed IPO, do YOU or do you not enjoy that actual offering of WeWork?

Typing this from my desk in a WW. The location is great, building is good, the facilities are good, there's quite a nice dynamic about the place. No complaints, it's very smooth and well-organized. Lots of staff to run the place too.

Re: WeWork chases new financing as cash crunch looms

#5

Post by question_away »

joshstrange wrote: post #2

Does anyone here on HN use WeWork spaces and enjoy them? I'm not suggesting they are bad, I honestly don't know. Ignoring the business model, the CEO, the failed IPO, do YOU or do you not enjoy that actual offering of WeWork?

I just started working out of a space in Boston last month and it's been sublime. There's always a WeWork in whatever city I'm traveling to and at 25$ per day (beyond my usual credits), it's really affordable to have an office while traveling to both work and host clients.

Re: WeWork chases new financing as cash crunch looms

#7

Post by sasper »

joshstrange wrote: post #2

Does anyone here on HN use WeWork spaces and enjoy them? I'm not suggesting they are bad, I honestly don't know. Ignoring the business model, the CEO, the failed IPO, do YOU or do you not enjoy that actual offering of WeWork?

It's been fantastic for our fast-growing SaaS startup. We've been able to spin up offices in 4 international cities in the last 18 months with very few issues, and our teams are productive and happy with the spaces.

I manage one of the new offices and have LOVED the responsiveness of the local WeWork team, the facilities, the infrastructure, and it's lightyears better than the previous office we were occupying. I don't have to worry about office-related issues any longer.

That is, if WeWork stays solvent and doesn't go bankrupt.

It's really too bad because their core business (renting office space) is done really well. Maybe a bankruptcy and restructuring would be good for their business, or maybe it will cause them to explode.

Re: WeWork chases new financing as cash crunch looms

#8

Post by remarkEon »

sasper wrote: post #7
joshstrange wrote: post #2

Does anyone here on HN use WeWork spaces and enjoy them? I'm not suggesting they are bad, I honestly don't know. Ignoring the business model, the CEO, the failed IPO, do YOU or do you not enjoy that actual offering of WeWork?

It's been fantastic for our fast-growing SaaS startup. We've been able to spin up offices in 4 international cities in the last 18 months with very few issues, and our teams are productive and happy with the spaces. I manage one of the new offices and have LOVED the responsiveness of the local WeWork team, the facilities, the infrastructure, and it's lightyears better than the previous office we were occupying. I don…

It seems like the value that they are offering is just outsourced-office-management then. Am I wrong in thinking that? It's hard for me to parse what WeWork was "trying" to become. A real estate company that manages offices? An office management company that also does real estate?

Re: WeWork chases new financing as cash crunch looms

#9

Post by TomMarius »

joshstrange wrote: post #2

Does anyone here on HN use WeWork spaces and enjoy them? I'm not suggesting they are bad, I honestly don't know. Ignoring the business model, the CEO, the failed IPO, do YOU or do you not enjoy that actual offering of WeWork?

I was skeptical, but it's excellent, and they have the nicest view on the city.
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