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I won't be surprised if WeWork comes out of this mess relatively strong. A crisis is a terrible thing to waste and I still believe that the idea of WeWork can b

I won't be surprised if WeWork comes out of this mess relatively strong. A crisis is a terrible thing to waste and I still believe that the idea of WeWork can be valuable. A lot of ink has been spilled about how cooky Adam and his wife are but I really liked the WeGrow idea of providing schooling / daycare. Ask any parent of young kids how much they and spend on childcare and you'll be shocked. Combining the work space with childcare (providing everything is on the up and up) is an incredible bundling of convenience. Even some of WeWorks well criticised acquisitions seemed like great ideas to me. Leveraging Meetup.com with WeWork locations just seems natural. It all hinges on Softbanks ability to eat shit for a few years while rebuilding the company but I do think that there is a still a very strong brand here that had some great ideas but got a bit too hooked on the Kool aid.

navigatesol 7y ago
>A lot of ink has been spilled about how cooky Adam and his wife are but I really liked the WeGrow idea of providing schooling / daycare. Yeah, and everyone likes the idea of self-driving, solar-powered Tesla robo-taxis, too. Finding things that people want is easy; providing that product or service at a profit is much harder. At the end of the day, WeWork is a real-estate company. 25% of the world's wealth is tied up in this industry. It's old, and efficient. Borrowing long, lending short is a surefire way to get crushed in a recession. This is known.