161–170 of 347 posts
RIP Softbank Vision Fund 2.0
Delaying IPO buys some time for Sofbank. IPO with low valuation forces huge write-down for SoftBank. Now they can still pretend. I suspect that SoftBank & Saudi money will be the biggest casualty of current tech boom. They just throw money around.
I doubt legally they can do it, and no ones going to be taken in by it, it just casts doubt on all the other investments by Softbank.
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> "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…
Some of those (e.g. Slack) are growing phenomenally fast though, and could become profitable quite easily. Others (e.g. Uber and Lyft) have a questionable business model. Edit: wow I didn't realize Slack had such a large market cap. That is a LOT of growth priced in, probably more than is justified.
Microsoft Teams especially seems like a deliberate attempt to dethrone Slack, and while it is slightly more annoying to use, it just makes sense for companies to bundle their services and subsciptions.
I do not really see a bright future for slack.
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…
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Assumption: smart engineers only care about money.
Would you work for less if you only had to work Monday through Thursday? Or if you could take sabbaticals at will?
The customers are almost always happy with what we produce, and while it is certainly not fast growing, the company is steadily progressing in a good direction.
This environment is worth a lot of money to me.
We Co isn't a tech company. Its a landlord subleasing commercial realestate as short term month to month leases with snazzy furniture. They happen to have a mobile app. Its functionality is so poor they removed the pay snack bar in my SF WeWork because no one could pay through the app. CloudFlare... Now there's a proper tech company.
Ah, but it has/had a tech company valuation. Why do you think valuations varied so wildly? You get the same thing with Tesla, it's valued more as a tech company than as car company.
You can't put a horn on a dog and call it a unicorn.
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> 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.
Also note that the delta is a big big percentage of the base packaging, and I am willing to bet it's over 100%, if not 500%, just cause there are so many packages made from few large boxes.
We Co isn't a tech company. Its a landlord subleasing commercial realestate as short term month to month leases with snazzy furniture. They happen to have a mobile app. Its functionality is so poor they removed the pay snack bar in my SF WeWork because no one could pay through the app. CloudFlare... Now there's a proper tech company.
Ah, but it has/had a tech company valuation. Why do you think valuations varied so wildly? You get the same thing with Tesla, it's valued more as a tech company than as car company.
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…