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Typing this from a Make Office (WeWork competitor). I am not surprised at their cashflow situation. A local office recently poached a bunch of members from the
by greggyb 8y ago
Typing this from a Make Office (WeWork competitor). I am not surprised at their cashflow situation. A local office recently poached a bunch of members from the Make location I'm at. They were offering 6 months free rent. It seems like a "share at all cost" kind of strategy.
Especially considering the churn rate I see at Make, I'd be surprised if they do much more than break even on the customers they got with a 6-month credit.
- avip 8y ago%occupied must be one of their primary metrics.