4 ms·
Imagine you are CEO of an old fashioned company where people do work and revenue > expenses. You want to buy drinks for your staff. Do you a) put your card behi
by goatinaboat 7y ago
Imagine you are CEO of an old fashioned company where people do work and revenue > expenses. You want to buy drinks for your staff. Do you a) put your card behind a local bar at happy hour every Friday or b) in an incredibly roundabout way pay premium rent so your staff can enjoy “free” drinks in the office?
No. Outside of hipster hotspots WeWork makes no sense.
- CydeWeys 7y agoMy previous employer would send an employee with a handtruck each Friday to a local liquor store to bring back beer and wine for that evening. Hard to imagine doing it more economically than that.
- fullshark 7y agoMy claim is not that WeWork has some economic advantage in how they distribute alcohol to workers, merely that they have a product that is appealing to 20-30 year olds, and companies want to (presumably) piggy back off it to hire top young talent. It’s the entire package, things like interior decoration, tech, locations, name brand, etc. What’s that worth is debatable but I think it’s worth more than zero.
- goatinaboat 7y agohave a product that is appealing to 20-30 year olds, and companies want to (presumably) piggy back off it to hire top young talent It comes up on HN frequently that what “talent” really wants is an office with a closing door so that they (we) can concentrate. WeWork offers the polar opposite of this experience by design. A company that chooses to base itself in a WeWork is cutting itself off from talent. I think it’s worth more than zero. It’s also possible that it’s worth less than zero.