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Good. We don't need businesses like WeWork, we need non-for-profit collectives and incubators
by blatchcorn 7y ago
Good. We don't need businesses like WeWork, we need non-for-profit collectives and incubators
- intopieces 7y agoWhy not? What makes this particular use case not suitable for profit?
- liveoneggs 7y agotheir operations, obviously
- rsuelzer 7y agoTheir mission statement.
- tiborsaas 7y agoMaybe they are making not so smart decisions with their locations? I've seen two WeWork places close to each other in the heart of London's financial district. They could rent a huge warehouse on the edge of the city centre, but that would attract probably a different audience they aim for. If they generate $1.3B loss with those prices[0] then how they see a way to make a profit? It's not like self driving coffee machines will save them :) I don't get it. [0]https://www.wework.com/buildings/5-merchant-square--london https://www.wework.com/buildings/5-merchant-square--london
- intopieces 7y agoBusinesses make dumb decisions all the time, it doesn’t mean their business model isn’t suitable, in some moral sense, for profit. Unless I am misreading the comment?
- crispyporkbites 7y agoYes I too would like not for profit incubators so I can sit in them for free, build my business/collect my six figure wage and retire with lots of profits
- ohyea 7y agoJust because something is nonprofit doesn't mean it's services are free. Among other tings it means that all profits go towards furthering the organization instead of to a group of investors or shareholders. Source: I worked at a non-profit.
- briandear 7y agoSome people legit just want a place to work. They aren’t trying to join a social movement or make a statement. They want to give someone money and in exchange, someone gives them a desk. Saying we don’t need WeWork (or other for-profit cowork places,) is like saying that hotels should close down in favor of business travelers staying on communes. There is both room for and value from both for-profit and non-profit versions of these things.
- projectramo 7y agoWeWork may be billed as a for-profit company but, for all intents and purposes, it is a non-profit.