3 ms·
The extra valuation comes from their positioning: aside from office space, they are selling the “startup lifestyle” for those that find that kind of thing impor
by matte_black 9y ago
The extra valuation comes from their positioning: aside from office space, they are selling the “startup lifestyle” for those that find that kind of thing important or need it to feel like they are doing something exciting and sexy.
- mattmanser 9y agoWith the seed funding squeeze I can see wework getting a nasty wake-up call in 6 months or so.
- Kinnard 9y agoWhat does the seed funding squeeze have to do with WeWork? They're not seed-stage . . .
- matte_black 9y agoHe means there won’t be enough new seed funded startups that can justify paying for WeWork’s space, leading to a nasty drop in revenue growth.
- Animats 9y agoTheir revenue stream is just rent. They're not acting as a VC taking equity in the startups that use their space.
- matte_black 9y agoI didn’t say it was justified.