IPO is back on. Not surprising when you look at their burn rate vs cash on hand. Or the fact that they entered into a $6B line of credit last month that is contingent on them raising at least $3B in an IPO by end of year. Beyond Adam and Softbank wanting to cash out eventually, the company needs this funding to continue to operate.
WeWork parent pulls IPO following pushback: sources
231–240 of 347 posts
Re: WeWork parent pulls IPO following pushback: sources
#232Earlier quoted context omitted.
Good thing you didn’t buy an Audible subscription, or use an Epson printer, FreshBooks invoicing, LastPass. Other podcast ads I’ve heard are for AmEx, Deloitte, LinkedIn, various conferences and educational institutions, and more. I agree that certain names always show up, but I’ve also been quite surprised over the years by who’s enlightened enough to advertise in podcasts. I’ll admit, though, I never did buy that H…
One advertisement I've heard a few times is the "Drive sober or get pulled over" campaign from the NHTSA. But to JohnJamesRambo's credit, there are a lot of people who don't 'invest' in the US government either.
Those are free placements.
Re: WeWork parent pulls IPO following pushback: sources
#233Earlier quoted context omitted.
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…
I work at a WeWork in London, which one is your wife going to, that sounds insane... Ours just has bathrooms & coffee machines that are offline for weeks at a time.
The new one near Waterloo. The DJs are possibly a new-location promotional feature, but they've been around for the past few weeks at least. To be fair, the ones I've been to around town (mostly Moorgate) are generally much more reasonable.
Re: WeWork parent pulls IPO following pushback: sources
#234Earlier quoted context omitted.
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…
I think I've heard about that skateboard ramp - they put desks in the middle of it or something?
Desks would be too work-y. They've got half-sofa, half-bed thingies, which nobody can figure out how to use in a dignified fashion in public.
Re: WeWork parent pulls IPO following pushback: sources
#235Earlier quoted context omitted.
>negative revenue How is that even possible?
Obviously that happens when your product is so bad that you have to pay people to use it.
That’s called negative profits or earnings before taxes/depreciation/etc.
By definition revenue can’t be negative.
Re: WeWork parent pulls IPO following pushback: sources
#236Earlier quoted context omitted.
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…
This sounds a lot more Nathan Barley than Silicon Valley .
I remember watching Nathan Barley and cringing, one of the Easter eggs referring to people on the scene back than worked at the same company I did.
We work does sound like the place The registers Steve Bong! would be hanging out
Re: WeWork parent pulls IPO following pushback: sources
#237As 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…
I have a friend who joined there last year. He said that the interview process wasn't very hard and they focused on communication. He also said that the engineers there aren't impressive but he likes his coworkers and the job is okay, but the tech definitely isn't impressive at all.
Literally hell.
Re: WeWork parent pulls IPO following pushback: sources
#238Earlier quoted context omitted.
It really isn’t. FB/Goog compensation is still the benchmark as far as industry comp goes, so a private co really needs to be convincingly successful to attract smart, high paid engineers at top tech companies. If they can’t then it’s a completely valid signal that something is up - either comp is well below market, growth story is fishy, management is weak, or something else.
Assumption: smart engineers only care about money.
Probably true for most people, people often Lie about motivations on surveys.
Re: WeWork parent pulls IPO following pushback: sources
#239Earlier quoted context omitted.
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…
Seems like a perfect place for people who like to pretend to work.
WeWork's new motto: "No, really, we do work!"
Re: WeWork parent pulls IPO following pushback: sources
#240Earlier quoted context omitted.
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.
The biggest difference between car companies and tech companies is return on invested capital. According to that Tesla is somewhere inbetween a tech company and car company. Also it's the only car company that used software to substantially improve the performance of the car using software after selling it.
Hackers do this to traditional cars - you can turn a bog standard Audi A6 into almost a RS with some software mods an di think to be safe you beef up the suspension and brakes
There Is of course the fabled Ford FBI chip that was used on FBI pursuit vehicles, knackered the engine life of course. I was told this buy a guy who worked at a Ford dealership.