201–210 of 347 posts
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.
Yes! They even use lava lamps in their lobby to generate entropy.
Recruiters from WeWork reach out to people with a pitch that they are unicorn tech company. They lose me with that line.
Not sure if I'm just young, but my friend's over 200k total comp would have made me think twice about an offer. It's not the highest, but seems fairly competitive in sf
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…
It's not "Silicon Valley", it's Silicon Valley . As in the show. My wife just started a contract at a new WeWork office in London. The lobby features a giant but non-functional as skateboard ramp, and two DJ booths, both manned (at 9am on a Monday). The bathrooms feature the very latest in digital toilets, but they aren't flushing, and nobody can figure out how to reboot them. At an aesthetic level, this couldn't be…
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…
It's not "Silicon Valley", it's Silicon Valley . As in the show. My wife just started a contract at a new WeWork office in London. The lobby features a giant but non-functional as skateboard ramp, and two DJ booths, both manned (at 9am on a Monday). The bathrooms feature the very latest in digital toilets, but they aren't flushing, and nobody can figure out how to reboot them. At an aesthetic level, this couldn't be…
Ours just has bathrooms & coffee machines that are offline for weeks at a time.
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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…
Everything you said is accurate, but that doesn't mean there isn't a place in the market for Blue Apron. People are paying for convenience. Think of it like a house cleaning service. You don't NEED to hire someone to clean your house, but it makes your life a little easier and for some, that's worth it.
The utility here is very marginal, and there are alternatives that make your life even easier.
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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…
Isn't this a re-run of 'Dropbox is unnecessary when we have rsync'?
You can criticise a company without being in a Dropboxrsync situation. Especially when that company is not doing so well.
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> you're probably worth only $20B This is something I don't get. Pretty much all of these businesses are aiming at dominance on some sector. They entered into the game with the understanding that it's all or nothing. If they don't achieve that dominance, or if the sector itself turns out to be less than worthwhile, isn't it more likely that these companies are worth essentially zero, rather than some percentage of th…
Perhaps dominance is not required, despite their beliefs? There is more than one huge car company and a bunch of medium sized ones too. It's possible some investors are buying in because they think they are getting into a viable-when-dominance-not-required business on the cheap. (Me, I don't understand any of these businesses (We, Blue Apron etc) and let someone else take the risk.)
Lots of consolidation happening in auto manufacturing too, along with most fields. Even of the car makers that exist, I wonder how many would be kept propped up by a country just to ensure they retain manufacturing capability in case of war.
https://www.reuters.com/article/us-renault-m-a-fiatchrysler-...
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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.
And just about everything that Blue Apron or any of these other companies package comes with similar invisible packaging, so the delta is still the same per amount of veggies. Or is your point something different that I missed? 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.
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You're not wrong about OP's confusion, but a quick note that uber recently reported quarterly revenue of ~3.1bn which means "tens of billions" annually is exaggerating a little. Does uber count it's fees as revenue or does it count fees and the fares (which get passed back to the drivers) as revenue? My opinionated take is that if uber wants to pretend that drivers are not employees and it's just a marketplace then t…
> My opinionated take is that if uber wants to pretend that drivers are not employees and it's just a marketplace then they shouldn't be booking the fare as revenue, just their cut but I'm not an accountant and I don't make the rules. Good point, but Uber literally takes the money through its app, so I don't suppose that would be possible.
Contrast that with a high margin business like consulting services or a proprietary technology/product and there's a huge difference in net profit between the two at $10m annual revenue.