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WeWork’s Adam Neumann Steps Down as CEO

wsj.com

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Re: WeWork’s Adam Neumann Steps Down as CEO

#211

Post by semi-extrinsic »

ryanwaggoner wrote: post #206
codesushi42 wrote: post #168

Earlier quoted context omitted.

Same here, and only by reading the headlines. A WeWork recruiter reached out to me. I laughed out loud and added it to the list of companies I would never work for. Not only do they do nothing interesting, but they are apparently unethical as well. No doubt another failed tech bro pump 'n dump scheme headed to the dustbin of history.

Definitely just another failed tech bro pump 'n dump scheme headed to the dustbin of history. I seriously doubt that. I think they're overvalued too, but I predict WeWork is still going to be around in another decade. There's clearly a ton of demand for what they provide.

If you don't include the economics of the business model in the evaluation, you could say exactly the same of Juiceroo. There's clearly significant demand for juice presses.

Re: WeWork’s Adam Neumann Steps Down as CEO

#212

Post by asah »

joshpadnick wrote: post #210

I'm sure I'll get downvoted for this, but I actually just signed up to be a (thankfully month-to-month) WeWork customer for a HotDesk today in Phoenix, and it's actually been a pretty great experience: Great space, nice people, reasonable IT, I was up and running and working within 30 minutes of doing my tour. And yes I've had a cup of the famous We Kombucha. This particular location just opened 3 weeks ago and is ap…

Friend reports the same. But hotdesking doesn't support a $10+B valuation.

Re: WeWork’s Adam Neumann Steps Down as CEO

#213

Post by core-questions »

an_opabinia wrote: post #182

Not to generalize, but if you relied on Hacker News for recruiting you could wind up in all sorts of wonky, dubious or failed companies. Like people were such sweethearts for Juul and Alt Schools. They’re also really skeptical of Google, which for all its faults is, without a doubt, the single best deal for employees in the history of the world, at least since the time that anyone was legally or culturally allowed to…

> Personally I’ve always found that libertarian ethos in support of crappy things, like shitty schools and tobacco, and opposed to nice things, like healthy kids, frustrating.

It's because of the people who become libertarians-posting-online, man. They don't have kids; people with kids seldom have time for this, nor do they think Every Man As An Island is tenable anymore once confronted with the true need for a Village To Raise The Child.

Re: WeWork’s Adam Neumann Steps Down as CEO

#214

Post by wolco »

LeanderK wrote: post #196
an_opabinia wrote: post #182

Not to generalize, but if you relied on Hacker News for recruiting you could wind up in all sorts of wonky, dubious or failed companies. Like people were such sweethearts for Juul and Alt Schools. They’re also really skeptical of Google, which for all its faults is, without a doubt, the single best deal for employees in the history of the world, at least since the time that anyone was legally or culturally allowed to…

this reads like a rant but I am not sure what it's ranting about. I've read it three times but I am still not sure whats going on. People having opinions? I read a lot of great advice (also about recruting) on HN and I don't really get why I should be concerned. Also starts with "Not to generalize" but then has a really wonky generalization.

It's more don't follow the opinions here like it's religion because you will learn tech no one uses in the real world and miss out on great companies like google.

I get the impression google is seen as the best employer at least paywise mosly from comments on here. Go figure.

Re: WeWork’s Adam Neumann Steps Down as CEO

#215

Post by semi-extrinsic »

komali2 wrote: post #171
metalliqaz wrote: post #92

Earlier quoted context omitted.

WeWork is basically a real estate company. Why would they need a data science engineer?

I had a remarkably intense series of frontend... ish interviews for a really difficult to define project. As in, I was working very hard in the little 5 minute slices of time I got for "do you have any questions" figuring out just wtf the job was and what the team was doing, and nobody could really explain it. It was some sort of "connectivity and identification team" working to identify people/customers/tenants/what…

They were trying to find more secret sauce that's less expensive / more cheaply scalable than the Kombucha.

Re: WeWork’s Adam Neumann Steps Down as CEO

#216

Post by nikanj »

joshpadnick wrote: post #210

I'm sure I'll get downvoted for this, but I actually just signed up to be a (thankfully month-to-month) WeWork customer for a HotDesk today in Phoenix, and it's actually been a pretty great experience: Great space, nice people, reasonable IT, I was up and running and working within 30 minutes of doing my tour. And yes I've had a cup of the famous We Kombucha. This particular location just opened 3 weeks ago and is ap…

There’s a massive jump from plausibly profitable, to a umptillion billion unicorn.

Of course re-leasing office space can be profitable, companies have been doing that profitably for decades - if not centuries.

But those companies have not received Silicon Valley valuations

Re: WeWork’s Adam Neumann Steps Down as CEO

#217

Post by gwbas1c »

ryanwaggoner wrote: post #206
codesushi42 wrote: post #168

Earlier quoted context omitted.

Same here, and only by reading the headlines. A WeWork recruiter reached out to me. I laughed out loud and added it to the list of companies I would never work for. Not only do they do nothing interesting, but they are apparently unethical as well. No doubt another failed tech bro pump 'n dump scheme headed to the dustbin of history.

Definitely just another failed tech bro pump 'n dump scheme headed to the dustbin of history. I seriously doubt that. I think they're overvalued too, but I predict WeWork is still going to be around in another decade. There's clearly a ton of demand for what they provide.

> but I predict WeWork is still going to be around in another decade. There's clearly a ton of demand for what they provide

There's also a TON of rent-a-desk places.

The big questions are:

- What's the benefit to a large corporation doing this instead of lots of small companies? (The economies of scale need to outweigh the large corporate overhead.)

- What's WeWork's secret sauce or first mover advantage?

Re: WeWork’s Adam Neumann Steps Down as CEO

#218

Post by toast0 »

DebtDeflation wrote: post #199
paggle wrote: post #156

Earlier quoted context omitted.

I don't think they will shut down WeLive. The entire premise of WeWork, and WeLive, is that they can sell you more than real estate -- they can sell you a "tribe." There are so many reports in recent years about growing social isolation and loneliness, that if something can be successfully packaged into a simulacrum of a community, it will be a hot item indeed. That's the only way WeWork can justify its stratospheric…

I'm sorry, but while there is some logic to the co-working idea, I don't see any serious demand for co-living. Quite frankly, I find the idea of having on-premise yoga instruction, cafes, bars, shared hot tubs, shared kitchens, etc. so you never have to leave your apartment building (except, presumably, to go to WeWork) to be absurd.

I'm certainly not interested, but it sounds like an extension of dorm living, with better amenities; sort of like senior living, for young people. Without knowing the details, sounds like it would appeal to some; although cost is going to be an issue.

Re: WeWork’s Adam Neumann Steps Down as CEO

#219

Post by TremendousJudge »

semi-extrinsic wrote: post #211
ryanwaggoner wrote: post #206

Earlier quoted context omitted.

Definitely just another failed tech bro pump 'n dump scheme headed to the dustbin of history. I seriously doubt that. I think they're overvalued too, but I predict WeWork is still going to be around in another decade. There's clearly a ton of demand for what they provide.

If you don't include the economics of the business model in the evaluation, you could say exactly the same of Juiceroo. There's clearly significant demand for juice presses.

Not a valid comparison -- Juicero didn't really manage to sell its product, while many people and companies rent WeWork's space

Re: WeWork’s Adam Neumann Steps Down as CEO

#220

Post by codesushi42 »

ryanwaggoner wrote: post #206
codesushi42 wrote: post #168

Earlier quoted context omitted.

Same here, and only by reading the headlines. A WeWork recruiter reached out to me. I laughed out loud and added it to the list of companies I would never work for. Not only do they do nothing interesting, but they are apparently unethical as well. No doubt another failed tech bro pump 'n dump scheme headed to the dustbin of history.

Definitely just another failed tech bro pump 'n dump scheme headed to the dustbin of history. I seriously doubt that. I think they're overvalued too, but I predict WeWork is still going to be around in another decade. There's clearly a ton of demand for what they provide.

That is interesting. Were you around in the dotcom days?
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