5 ms·

I worry that once WeWork fails, it will discourage other companies/innovators from getting into the realestate sector which desperately needs more innovation an

I worry that once WeWork fails, it will discourage other companies/innovators from getting into the realestate sector which desperately needs more innovation and progress.

jonknee 7y ago
It might also discourage other companies from getting into the fraud/scam sector, which would be great.
- ska 7y ago
  That seems optimistic.
- fullshark 7y ago
  Even if WeWork "fails" and IPOs at 15-20B it will be a resounding success for almost everyone except late investors (softbank), and recent hires.
dpflan 7y ago
Could its failure actually create opportunity? I'm not quite sure what and what level of failure is necessary, but if WeWork is the market leader and its influence drops, that would make space for innovation?
- rolltiide 7y ago
  The market is functioning as expected, to me.
- notahacker 7y ago
  If WeWork fails unexpectedly quickly, it'll be a nice opportunity for other players in the workspace market to increase their occupancy. Probably less to do with innovation and more with having nice enough real estate near WeWorks.
CalChris 7y ago
Failure is not the worst thing in the world. For example, fake success is worse.
- edcastano 7y ago
  Fake success is simply failure waiting to happen at best. At worst, it's fraud.
ineedasername 7y ago
Apart from showing the market viability of short-term lease/rentals (which is something I guess) what has WeWork really innovated?
- SkyPuncher 7y ago
  Yea, I'm baffled by this. By that standard, Starbucks is the world's most innovative coffee company.
- dehrmann 7y ago
  Branding, marketing, sketchy corporate governance.
vkou 7y ago
What the realestate sector needs is fewer rent-seekers, squatters, speculators, and stakeholders with a vested interest against seeing more development, but I strongly doubt VC startups are going to do anything about any of those issues.

5 ms·

I worry that once WeWork fails, it will discourage other companies/innovators from getting into the realestate sector which desperately needs more innovation an

by thorwasdfasdf 7y ago

I worry that once WeWork fails, it will discourage other companies/innovators from getting into the realestate sector which desperately needs more innovation and progress.

jonknee 7y ago
It might also discourage other companies from getting into the fraud/scam sector, which would be great.
- ska 7y ago
  That seems optimistic.
- fullshark 7y ago
  Even if WeWork "fails" and IPOs at 15-20B it will be a resounding success for almost everyone except late investors (softbank), and recent hires.
dpflan 7y ago
Could its failure actually create opportunity? I'm not quite sure what and what level of failure is necessary, but if WeWork is the market leader and its influence drops, that would make space for innovation?
- rolltiide 7y ago
  The market is functioning as expected, to me.
- notahacker 7y ago
  If WeWork fails unexpectedly quickly, it'll be a nice opportunity for other players in the workspace market to increase their occupancy. Probably less to do with innovation and more with having nice enough real estate near WeWorks.
CalChris 7y ago
Failure is not the worst thing in the world. For example, fake success is worse.
- edcastano 7y ago
  Fake success is simply failure waiting to happen at best. At worst, it's fraud.
ineedasername 7y ago
Apart from showing the market viability of short-term lease/rentals (which is something I guess) what has WeWork really innovated?
- SkyPuncher 7y ago
  Yea, I'm baffled by this. By that standard, Starbucks is the world's most innovative coffee company.
- dehrmann 7y ago
  Branding, marketing, sketchy corporate governance.
vkou 7y ago
What the realestate sector needs is fewer rent-seekers, squatters, speculators, and stakeholders with a vested interest against seeing more development, but I strongly doubt VC startups are going to do anything about any of those issues.