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I think this is a reasonable comment to make (perhaps unworthy of downvotes, which it seems to be accumulating), but I will note that the article defines "succe
by adriand 7y ago
I think this is a reasonable comment to make (perhaps unworthy of downvotes, which it seems to be accumulating), but I will note that the article defines "successful modern tech companies" as generally having five principal features:
- Low variable costs
- Low capital investments
- A lot of customer data and customer intimacy
- Network effects
- Ecosystems that boost expansion with little cost
Based on those features, of the companies that you listed here, Uber and Airbnb are definitely tech companies. So is Stripe, I think most of us would agree, although I'm not sure whether there are many network effects with their platform. SpaceX is not.
As such, the only way your point really stands is if one can make a valid argument that WeWork is doing something material and tech-focused that makes it different from a standard commercial real estate company. If it were leasing space and successfully executing on a model with low variable costs, low capital investments, lots of data, network effects and expansion-boosting ecosystems, that would be one thing. That doesn't appear to be the case.