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they provide a lot of "value add" through economies of scale (happy hours, pizza parties, mini conferences, stocked kitchen, random little "perks", etc) which a
by keerthiko 7y ago
they provide a lot of "value add" through economies of scale (happy hours, pizza parties, mini conferences, stocked kitchen, random little "perks", etc) which are factored into the cost, but require no talent or time overhead for the client companies.
Think of it as "sexy startup office as a service."
Not saying it's a worthy or necessary service this world needs, but I think that's the value they provide and what companies pay for.
- christudor 7y agoSexy startup office as a service is exactly what it is. The prices are eye-watering, however, and don’t seem to come down much with scale. (A three-person office is about three times the price of a one-person office – at least when I last checked.)
- fragmede 7y agoWeWorks "scale" is 10-person company got their Series A and wants a (semi) custom build-out for 90 people + (private) conference rooms, or a well-funded startup wants to setup satellite offices.