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Unlike Gates and Musk, WeWork is inextricably dependent on the VC industry, which provides the money that unprofitable companies pay WeWork in rent.
by rhizome 9y ago
Unlike Gates and Musk, WeWork is inextricably dependent on the VC industry, which provides the money that unprofitable companies pay WeWork in rent.
- hobofan 9y agoThat's not the picture I got from the WeWork spaces in Berlin. A significant portion of the companies there (probably enough for break-even) are profitable. Small floating offices from big tech companies, consulting firms, or startups in profitable niches.