> I would be furious. Most likely you would not care. It is hard to quantify what is a waste of money as an investor because you're 60,000 feet above the day t

> I would be furious. Most likely you would not care. It is hard to quantify what is a waste of money as an investor because you're 60,000 feet above the day to day happenings. If the employees are happy with the situation do you care? You can yell at the CEO and try and have them work in a cheap dingy garage but if they are miserable and productivity takes a nose dive are you going to be any happier? That's why you stay out of it as an investor, you don't actually know any better because there is not enough data to make that kind of judgement. Anecdotal story: I worked for an early stage startup backed by a large reputable VC. We worked for two years in the VC's conference room. One of the senior partners forced us out of their office and to spend money on office space we did not need because they did not like the look of our large ugly flat screen monitors (40" they were great). Meanwhile a few other startups stayed in that same space for several years because they worked on pretty Apple 20-something inch monitors that looked proper for the space. So... who knows, VC's are not immune to irrationally stupid decisions. I will say one of the things WeWork always had going for it was locations. I'm more familiar with NYC and Boston but there were WeWork offices 5-10 mins away for South Station in Boston and Penn Station in Manhattan. It makes it really convenient to recruit when you can say your office is right next to a major transportation hub.