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But what differentiates them from any other company that rents out commercial real estate and re-leases it on a shorter term? I can totally believe that their

But what differentiates them from any other company that rents out commercial real estate and re-leases it on a shorter term? I can totally believe that their line of business will grow by a huge factor, but I don't believe that they will ever earn the out-sized margins to justify their current valuation. Their business can be replicated by anyone with a bit of capital to spend on leasing office space. They don't actually own most of their office space; they just lease it.

evgen 7y ago
Nothing specific differentiates them other than scope. I can bounce among a hot desk at a variety of locations around the city, do the same in cities across the EU/US, and my company only needs one service provider account to manage. And we can do so with a generous subsidy from US VCs...
- HillaryBriss 7y ago
  > I can bounce among a hot desk at a variety of locations around the city, do the same in cities across the EU/US ... what about a consistent user experience? that might differentiate We from competitors: ease of use and familiarity of environment for the workers. I mean, I go into a Starbucks or a Target store and it looks familiar and I already know what I'm gonna get (another Starbucks).