I don't think the debate is whether WeWork provides a better office space experience than Regus, which it does, having used both. The question is though is it

I don't think the debate is whether WeWork provides a better office space experience than Regus, which it does, having used both. The question is though is it worth 10x more than it's competitor on a per customer basis? Since they are fundamentally selling the same thing, office space, and there are ton of new startups doing the same thing with a similar vibe to WeWork in NYC, their original market, it has shown that the model is easy enough to replicate and most tenants won't benefit from a WeWork satelite network of offices since they remain local, and the customers will primarly choose on price when the same benefits are offered. So a 10x multiple increase over their closest competitor at scale would imply that they have a foreseeable future where they are doing 10x more revenue, which would be approaching $8-10B. Also in a market that is heavily dependent upon the general health of the fiscal market that would imply 100% growth for each of the next 3 years and the global economy not hitting a recession which would certainly impact their revenue. That's before we even get into the fact they are losing over a $1B a year as well. They are well capitalized so that is less of an issue, but people are basically implying that either WeWork owns the entire coworking office space market, or these other initiatives take off. There is a possibility for that to work. After all half of Amazon's current market cap is actually AWS and that is far removed from their original ship books to customers business model when they first launched. So it is possible that WeLive can become a large contributor over time, but I would prefer to see more numbers on that and how that is progressing and if it's really a working model, then the rehash of the coworking office space analysis.