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Why? Who cares whether something is a tech company or not? How does that change the conversation? Is it no longer a startup? There are enough things wrong with
by megaremote 7y ago
Why? Who cares whether something is a tech company or not? How does that change the conversation? Is it no longer a startup?
There are enough things wrong with wework that this is just muddying the issue.
- filleduchaos 7y agoIf you read the article, it should be pretty clear why it matters; "tech companies" are valued differently (because of their potential for giant profit margins and exponential growth), so a business can inflate its valuation/grab buckets of investor money by positioning itself as a tech company even though it doesn't meet any of the criteria that actually make tech companies good investments. Which is arguably somewhat unethical.