111–120 of 183 posts
"Boston Properties Inc., the country’s largest publicly traded office landlord, owns five times the square footage that WeWork manages and has a market capitalization of $19 billion." This seems to me to be a pretty big warning sign that the company is overvalued.
Hyatt and Hilton own a lot more real estate than Airbnb. Perhaps a lot of the value is not in the actual building itself?
A little off topic, but I think it'd be cool if you could pay someone (a hotel chain? Airbnb?) a monthly 'rent' to live in any of their locations. The locations are guaranteed to have highspeed internet and some easy standardized way to move between them. This would be really cool for remote work since you could live everywhere and nowhere without having the overhead of having to do all the planning yourself.
A little off topic, but I think it'd be cool if you could pay someone (a hotel chain? Airbnb?) a monthly 'rent' to live in any of their locations. The locations are guaranteed to have highspeed internet and some easy standardized way to move between them. This would be really cool for remote work since you could live everywhere and nowhere without having the overhead of having to do all the planning yourself.
WeWork actually has this, believe it or not. https://www.welive.com/
A little off topic, but I think it'd be cool if you could pay someone (a hotel chain? Airbnb?) a monthly 'rent' to live in any of their locations. The locations are guaranteed to have highspeed internet and some easy standardized way to move between them. This would be really cool for remote work since you could live everywhere and nowhere without having the overhead of having to do all the planning yourself.
Earlier quoted context omitted.
Not sure why people are negative about the core idea of WeWork. You get free beer, free coffee, bathrooms, an office, meeting rooms, phone booths with doors that close that you can also go work in whenever you want to be isolated, you can be there 24 hours a day, you have a keycard that works at all hours, and best of all, you're surrounded by startups and companies doing the same things as you. Meaning you can chat…
All of those things are either what you'd expect when you rent a normal office space or aren't the amazing extra perk you make them out to be. The meeting rooms you had to pay to use. The coffee and beer are included in the total price and aren't really that valuable anyway. And the beer and toilet paper frequently ran out. And the phone booths didn't even have doors, they had curtains. It was nice, especially since…
Yikes. The doors on our booths are a killer feature. The booth becomes mostly soundproof when it's closed.
Earlier quoted context omitted.
You might not think of them as a lifestyle brand but it certainly looks like that is the case they are making. I only knew WeWork by name and didn't know much about it, after this thread, I googled a bit and their Twitter page is full of meme-level motivational images(Always be hustlin' signs, dogs at work), they are definitely trying to appeal to a specific audience here. I share the sentiment of others in this thre…
> I wouldn't be surprised if their next bet is the next 'W hotels' They already are doing that targeting the very small business audience: https://www.welive.com/
However, I was thinking more along the lines of conference/events which the hotel business is a complement of, since so many people go to conferences to party at the company's expense, this is just one step further.
Earlier quoted context omitted.
Not sure why people are negative about the core idea of WeWork. You get free beer, free coffee, bathrooms, an office, meeting rooms, phone booths with doors that close that you can also go work in whenever you want to be isolated, you can be there 24 hours a day, you have a keycard that works at all hours, and best of all, you're surrounded by startups and companies doing the same things as you. Meaning you can chat…
In a lot of markets, WeWork is a great deal. We just moved from Chicago West Loop WeWork to our first real office; we got what I think is a pretty amazing deal on our new office and it is still very difficult to beat the package WeWork puts together. But that's not the critique being leveled at WeWork here; the critique is, WeWork can't in the long run be profitable at these rates. In a lot of their spaces --- maybe…
Earlier quoted context omitted.
In a lot of markets, WeWork is a great deal. We just moved from Chicago West Loop WeWork to our first real office; we got what I think is a pretty amazing deal on our new office and it is still very difficult to beat the package WeWork puts together. But that's not the critique being leveled at WeWork here; the critique is, WeWork can't in the long run be profitable at these rates. In a lot of their spaces --- maybe…
Beer aside, every WeWork I've ever been in seems to have dozens of fridges stocked to the brim with rancid milk. It's weird that they have custom furniture but can't even get their shit together on the most basic issues.
Earlier quoted context omitted.
Beer aside, every WeWork I've ever been in seems to have dozens of fridges stocked to the brim with rancid milk. It's weird that they have custom furniture but can't even get their shit together on the most basic issues.
I don't think they provide the milk, just a place for people to store their own. Despite the fact that all the WeWorks I have personal knowledge of appear to be horribly overstaffed, the staffing at WeWork is not very effective.