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And you pay to be at WeWork ;-) The frat analogy is actually really good here (ignoring all the negative things associated rightly or wrongly with fraternities
by billyhoffman 7y ago
And you pay to be at WeWork ;-)
The frat analogy is actually really good here (ignoring all the negative things associated rightly or wrongly with fraternities here to not cloud the issue).
With a frat, you are paying for housing plus a social network with events. With wework you are paying for office space plus a social network with events.
Much like frats the value of that network is highly dependent on the people and varies wildly from place to place or even the same place over time.
For some people frats are great. They have experiences and make connections they wouldn’t otherwise make. For some people they suck and provide no or even negative value
But much like a frat, don’t think the social network that WeWork provides is in anyway unique or incapable of being produced elsewhere. Also don’t think for a minute that you can scale that experience or make it repeatable across locations and cultures. Because like a frat this is ultimately built on people, not Carafes of Cucumber water with bullshit slogans about “hustle” carved into them
Wework is an office space company and right now it’s social network is not proprietary advantage. Making the IRL social network more digital may be a way to solve that, But so far they don’t seem to be doing that