Now Worth $10B, Is WeWork a 2000 Redux?
1–10 of 58 posts
Re: Now Worth $10B, Is WeWork a 2000 Redux?
#2marc andreeesen says no
Re: Now Worth $10B, Is WeWork a 2000 Redux?
#3> With coffee bars, free beer and well-used communal spaces
Beer, while working? What a good idea... or maybe not.
Reminds me of 10-15 years ago when we'd have a pint or 2 at a local pub during lunch on Fridays. Nobody every got anything done on a Friday afternoon after that.
Re: Now Worth $10B, Is WeWork a 2000 Redux?
#4marc andreeesen says no
Please link to your sources.
Re: Now Worth $10B, Is WeWork a 2000 Redux?
#5Does WeWork pay to have these sorts of articles written? Because there are a lot of these sorts of places and they never get mentioned in these articles about WeWork. It makes it sound like WeWork is single-handedly reviving a concept that died with the first dotCom crash, yet it's really just the latest.
The only other places they mention are Regus--making it out to be a shambling zombie form of its pre-dotCom bust self-- and Industrious in Chicago, which is only 2 years old, making it sound like a me-too. Come on! Almost every major city has at least 5 of these places. Even Philly has had IndyHall since 2007, and that's just the one I know off the top of my head.
Re: Now Worth $10B, Is WeWork a 2000 Redux?
#6Tying up lots of capital in long-term commercial leases seems very risky and difficult to scale. It also seems like the barrier to entry is low. I'm not sure there's anything fundamentally different between WeWork and the 3 or 4 other nearby co-working spaces. I share the WSJ's apparent skepticism about this sort of business.
Re: Now Worth $10B, Is WeWork a 2000 Redux?
#7Tying up lots of capital in long-term commercial leases seems very risky and difficult to scale. It also seems like the barrier to entry is low. I'm not sure there's anything fundamentally different between WeWork and the 3 or 4 other nearby co-working spaces. I share the WSJ's apparent skepticism about this sort of business.
In the case of the place I go, WeWork is different in that it's significantly more expensive.
Re: Now Worth $10B, Is WeWork a 2000 Redux?
#8> With coffee bars, free beer and well-used communal spaces Beer, while working? What a good idea... or maybe not. Reminds me of 10-15 years ago when we'd have a pint or 2 at a local pub during lunch on Fridays. Nobody every got anything done on a Friday afternoon after that.
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Re: Now Worth $10B, Is WeWork a 2000 Redux?
#9Does WeWork pay to have these sorts of articles written? Because there are a lot of these sorts of places and they never get mentioned in these articles about WeWork. It makes it sound like WeWork is single-handedly reviving a concept that died with the first dotCom crash, yet it's really just the latest. The only other places they mention are Regus--making it out to be a shambling zombie form of its pre-dotCom bust…
Did we read the same article? I really doubt WeWork is happy about the WSJ pointing out how much they look like a company about to take a spectacular fall. That wasn't quite a hit piece, but it was not a favorable article.
Re: Now Worth $10B, Is WeWork a 2000 Redux?
#10(big imho-post) Oh, I wish someone could explain to me how I can practically short many of these bubbles that come around HN daily. China, the many tech-unicorns, the housing market in Canada. Enough chances to short something succesfully.
That whole 'private-IPO' thing makes the 'valued at' so much less worth, since you can't short them, information is private, no efficient market hypothesis in play (if any).
I only hope my pension funds isn't one of the suckers tunneling money into the VC-firms doling out such valuations.
It really is the 2000's, but this time around it's even harder to spot the suckers (in the 00's it was stock holders). Ok, Chinese small time investors and Canadians buying a house at 10+ times income I can spot from a distance. But who supplies the VC's with money?