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How is it hard to replicate? Lots of people know how to add beer taps to office spaces. There might not be competition now, while they are operating at a gigant
by freewilly1040 7y ago
How is it hard to replicate? Lots of people know how to add beer taps to office spaces. There might not be competition now, while they are operating at a gigantic loss, but at a break even price point I think it'll be a different story.
If they can't make money in this boom market cycle, what makes you think they'll make money in the next one?
- pmart123 7y agoJudging by all the NYC competitors that have cropped up, I would say it is not hard to replicate at all. The biggest benefit to co-working spaces is short lease terms and the ability to scale up(down) space. Foreseeable, this could apply to a new company or a company opening an office in another city. I doubt you would use WeWork once you are leasing 10,000+ square feet of space, but perhaps HQ by WeWork has merits. As a startup founder that has leased spaces from co-working spaces, the price, location and quality of the space mattered much more than the brand renting the space.
- hobofan 7y agoSame in Berlin. At a past company, we've happily switched from WeWork to Rent24 paying a fraction of the rent for a bit less involved offering, and can just highly recommend it. It could rant all day long about WeWork Potsdamer Platz, but I think I've done so on every bigger WeWork thread here before...