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Id love to see that article if you find it. I see it the same as Stratechery sees Amazon's Whole Foods acquisition. (see last chart) https://stratechery.com/2
by basch 7y ago
Id love to see that article if you find it.
I see it the same as Stratechery sees Amazon's Whole Foods acquisition. (see last chart) https://stratechery.com/2017/amazons-new-customer/ https://stratechery.com/2017/amazons-new-customer/
Amazon didnt buy a grocery business, it in housed the largest customer of its grocery services business (suppliers and supplies.) WeWork owning the BuildingManagementOs would make their rental business their largest customer of building management software services, one that could sustain it until it was big enough to be its own thing that doesnt need WeWorks rental side anymore, for the OS div to be profitable.
- mikestew 7y agoThis one, second graphic down (after the bro pic): https://news.ycombinator.com/item?id=21071890 https://news.ycombinator.com/item?id=21071890
- basch 7y agoWall Street and the Fifth estate are being too skeptical here and fucking up what could be a pretty radical change. They just cant see past the way things have always been. The question shouldnt be "is We a tech company" but "how close could they be to becoming one." If they have the potential to be the closest to delivering, thats worth something. How can they not see the value in owning all the building blocks and being in the process of assembling them. Using real estate cash flow to fund building management software seems like a pretty fucking smart business model. (that all said, it does seem like We sucked at offering a cohesive software suite, not sure whos fault that is engineering, marketing, org structure etc.)