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Their business model reminds me of MoviePass in the sense that it appears unsustainable, and that their main plan is to grow fast until they have market power t
by resg4mp 8y ago
Their business model reminds me of MoviePass in the sense that it appears unsustainable, and that their main plan is to grow fast until they have market power to throw around. At least the math for WeWork isn't so obviously flawed as Moviepass was. I'm just disappointed at how many companies use this playbook in the startup world. Everyone just does stupid crap in hopes of becoming the "dominant platform", at which point they can charge whatever they want and people will have to play along.
- edanm 8y agoOr, think about it in a more positive way - companies like WeWork take money from investors, and pass it on to consumers, via subsidised pricing. I'm very happy to have cheaper office space, if only for a few years, until VC money dries up (although I have no idea if that is actually the case with WeWork).