21–23 of 23 posts
Earlier quoted context omitted.
Not a very good threat since the EU market is just a distraction for all but the largest American companies, and only becoming more so every year. Privacy conscious segment of the US market is a rounding error, despite what HN would have you believe.
And in keeping out the parasites, nothing of value was lost :-)
That's literally the entire point of VC funding. Folks love to talk about the network or advice VCs can give but the real value prop is the ability to operate at questionable/negative margins for longer than your competitors.
In international trade, this is usually referred to as “dumping.” VCs simply adopted it domestically in a low regulation environment.
They could throw the world economy into a massive recession and would probably trigger WW3 by simply paying their workers American minimum wage.
Earlier quoted context omitted.
I believe WeWork could have worked well, but they raised money on valuations of being like a tech company. They have a moat, their locations and global convenience. Same feel, same badge, same almost everything regardless of location. I wasn't a Wework user until about 5 months ago where I decided to start working from there with a coworker twice a month. Has been a positive game changer! The sense I get in Toronto i…
I don't see how you can credibly claim their locations are a moat. Take any WeWork location in the world and there will be office space to rent within 5 minutes walk. So if they ever up their prices there's a juicy opportunity for a competitor just around the corner. The global convenience is a nice feature, but for 99.99% of workers it's probably a theoretical benefit rather than a practical benefit, and so it seems…
In Montreal they want me to fill out a contact form and it isn't on demand instant like Wework.
After my first trip to Wework I now can book same minute access to any Wework location and use my card for access. Even though I'm not using it outside of the one city I've gone to the three within Montreal when one has no available space to book.
Don't underestimate the convenience this is the same reason I use Uber & Instacart.