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WeWork parent pulls IPO following pushback: sources

reuters.com

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Re: WeWork parent pulls IPO following pushback: sources

#141

Post by Zeebrommer »

semi-extrinsic wrote: post #84
victor106 wrote: post #77

> The WeWork brand is strongly tied to Neumann, a freewheeling 40-year-old Israeli-born entrepreneur who has said that We Company’s mission is “to elevate the world’s consciousness”. "Elevate the world's consciousness" --> Dont mean to be negative but what the hell does that even mean? Imagine your landlord told you that. Been following this story closely and Adam Neumann is such a crook, from the outset he just want…

No-one knows what it means, but it's provocative. It gets the people going!

Nah, it's gross.

Re: WeWork parent pulls IPO following pushback: sources

#142

Post by zik »

csallen wrote: post #99
rosybox wrote: post #85

Earlier quoted context omitted.

Blue Apron just seems so unnecessary. You still have to do all the work! Just go to the grocery store and buy stuff there? You can get recipes online for free. I do all my shopping on Saturday at Trader Joe's and spend very little for lots of food which I then cook. There's so much wasted materials and trash with Blue Apron. I don't get it, but then I don't have any trouble cooking for myself and my family. I didn't…

With services like Blue Apron and HelloFresh, you're paying for convenience. Perhaps you don't want to go to the grocery store, look up recipes, etc.

As a terrible cook I love that they do all the work of finding an achievable recipe and shopping for all the (sometimes obscure) ingredients. I've improved my cooking skills significantly as a result and I'm almost ready to move on from them now.

Re: WeWork parent pulls IPO following pushback: sources

#143

Post by markbnj »

rosybox wrote: post #85
abvdasker wrote: post #61

Earlier quoted context omitted.

I actually still use Blue Apron. It's not that much more expensive than grocery shopping (I live in New York so groceries are expensive) and you never end up with wasted food. The recipes are generally very quick to make and far better than anything I could make on my own in a comparable amount of time. While the business may not have worked out so well their service is still pretty good.

Blue Apron just seems so unnecessary. You still have to do all the work! Just go to the grocery store and buy stuff there? You can get recipes online for free. I do all my shopping on Saturday at Trader Joe's and spend very little for lots of food which I then cook. There's so much wasted materials and trash with Blue Apron. I don't get it, but then I don't have any trouble cooking for myself and my family. I didn't…

> Blue Apron just seems so unnecessary. You still have to do all the work!

Not to mention the impact of the packaging materials and shipping. I can't speak to Blue Apron but my daughter used Freshly for a bit and I was shocked to the point of laughter at what was showing up at our house once a week: a big cardboard box with this thick, plastic-wrapped insulating material fitted to all six faces, and inside were nestled six individual meals, also packaged in cardboard with some plastic. My daughter told me they claim some level of recyclability for the insulating material, and of course the box can probably be shredded and re-boxified, but I bet 90+ percent goes right in the can and out to the curb.

Re: WeWork parent pulls IPO following pushback: sources

#144

Post by mytailorisrich »

weworksmb wrote: post #118

> This target is tied to a $6 billion credit line We Company secured from banks last month, that calls for an IPO to take place by the end of the year and raise at least $3 billion, one of the sources said. > Were the New York-based company to fail to meet this target by the end of the year, it would need to secure alternative funding. Does this mean, its now a ticking time bomb?

It definitely is.

When you read this and that Softbank has committed to buy 1/3 of the shares sold at IPO it does sound like it's going to pop sooner than later (that may include the vision fund if WeWork crashes)

Re: WeWork parent pulls IPO following pushback: sources

#145

Post by Kiro »

rosybox wrote: post #85
abvdasker wrote: post #61

Earlier quoted context omitted.

I actually still use Blue Apron. It's not that much more expensive than grocery shopping (I live in New York so groceries are expensive) and you never end up with wasted food. The recipes are generally very quick to make and far better than anything I could make on my own in a comparable amount of time. While the business may not have worked out so well their service is still pretty good.

Blue Apron just seems so unnecessary. You still have to do all the work! Just go to the grocery store and buy stuff there? You can get recipes online for free. I do all my shopping on Saturday at Trader Joe's and spend very little for lots of food which I then cook. There's so much wasted materials and trash with Blue Apron. I don't get it, but then I don't have any trouble cooking for myself and my family. I didn't…

I hate shopping and I hate having to constantly figure out what to cook.

I use an equivalent in my country and it's worth any premium I'm paying.

Re: WeWork parent pulls IPO following pushback: sources

#146

Post by Kiro »

markbnj wrote: post #143
rosybox wrote: post #85

Earlier quoted context omitted.

Blue Apron just seems so unnecessary. You still have to do all the work! Just go to the grocery store and buy stuff there? You can get recipes online for free. I do all my shopping on Saturday at Trader Joe's and spend very little for lots of food which I then cook. There's so much wasted materials and trash with Blue Apron. I don't get it, but then I don't have any trouble cooking for myself and my family. I didn't…

> Blue Apron just seems so unnecessary. You still have to do all the work! Not to mention the impact of the packaging materials and shipping. I can't speak to Blue Apron but my daughter used Freshly for a bit and I was shocked to the point of laughter at what was showing up at our house once a week: a big cardboard box with this thick, plastic-wrapped insulating material fitted to all six faces, and inside were nestl…

> but I bet 90+ percent goes right in the can and out to the curb

Source? Or are you just speculating based on nothing?

Re: WeWork parent pulls IPO following pushback: sources

#147

Post by colechristensen »

markbnj wrote: post #143
rosybox wrote: post #85

Earlier quoted context omitted.

Blue Apron just seems so unnecessary. You still have to do all the work! Just go to the grocery store and buy stuff there? You can get recipes online for free. I do all my shopping on Saturday at Trader Joe's and spend very little for lots of food which I then cook. There's so much wasted materials and trash with Blue Apron. I don't get it, but then I don't have any trouble cooking for myself and my family. I didn't…

> Blue Apron just seems so unnecessary. You still have to do all the work! Not to mention the impact of the packaging materials and shipping. I can't speak to Blue Apron but my daughter used Freshly for a bit and I was shocked to the point of laughter at what was showing up at our house once a week: a big cardboard box with this thick, plastic-wrapped insulating material fitted to all six faces, and inside were nestl…

Certainly not as much, but there is still quite a lot of invisible packaging you don't see up the grocery store supply line.

Just about everything in the grocery store comes in a big cardboard box.

Re: WeWork parent pulls IPO following pushback: sources

#148

Post by benj111 »

autokad wrote: post #30
tempsy wrote: post #23

As someone living in SF, I don’t think anyone in SF or SV would ever consider WeWork to be a “Silicon Valley” company in the same way that Uber or Twitter or Slack is. The company has 0 tech brand among employees (how many ex-FB or ex-Google engineers work there?) and outside of Benchmark’s early round none of the VCs are SV-based. Point is the media is making this out to be an indictment on some SV tech bubble but p…

> "Point is the media is making this out to be an indictment on some SV tech bubble" Its not the media, I think its just true. Had WeWork IPO'ed under the same conditions a year ago, I think it would have been 'fine'. but the glut of SV unicorns losing money, hating investors, and slowing growth has got people highly concerned. This list of companies (slack, lyft, Uber, Pinterest, beyond meat, crowdstrike, tesla, spo…

"hating investors"

They don't hate investors, just the likes of you or I, and who can blame them? Softbank gives them money on a $47bn valuation, don't have to deal with reporting requirements, don't have short sellers (which SV types seem to be really annoyed by?!).

Re: WeWork parent pulls IPO following pushback: sources

#150

Post by hkmurakami »

MrEldritch wrote: post #90
hn_throwaway_99 wrote: post #31

Earlier quoted context omitted.

Honest question if anyone knows more details. VCs these days are very focused on the "SaaS Quick Ratio": https://www.cobloom.com/blog/saas-quick-ratio-how-to-measure... (Blue Apron isn't quite a SaaS business but close enough for this metric). The idea is that it not only measures growth, but measures new customers in relation to churn, with the idea that it's a lot easier to have a long term successful business if y…

I gotta say, I do hope Blue Apron survives. After all, if it goes under, who will sponsor the entire podcast ecosystem?

Square space maybe
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