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If I create a shared office (with lower price and similar service) right next to a WeWork office I would be able to take business away from WeWork. Hoever if I
by chvid 9y ago
If I create a shared office (with lower price and similar service) right next to a WeWork office I would be able to take business away from WeWork. Hoever if I cloned the Meetup website I probably couldn't take any business from Meetup. Because Meetup is protected by network effects.
But yeah. People don't see any growth prospects for Meetup and now it has been eaten by WeWork.
- ghaff 9y agoIn all fairness, WeWork does have plans where (for a daily fee) you can book at other locations. I honestly don't know how valuable that is. When I'm traveling on business, I have no trouble working out of my hotel or a cafe. I even rarely go into one of my company's offices unless I have some specific reason to do so. I'm not sure what would compel me to pay $50/day to sit in a shared collaborative space. I can buy a lot of coffees for that. Co-working spaces also have capital requirements that a website doesn't. I don't disagree with your statement about network effects but dominating a market space is no guarantee that you can monetize that dominance.