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Regus is valued at 3b because they’re only growing at 5-6% per year. WeWork was growing at 10x that, however who knows now that this PR disaster of the century
by pembrook 7y ago
Regus is valued at 3b because they’re only growing at 5-6% per year.
WeWork was growing at 10x that, however who knows now that this PR disaster of the century has happened.
With the ouster of Neumann now and a sensible CEO I wish they had gone public so I could invest. It’s a perfect contrarian scenario. I doubt you’ll see this much negative sentiment about a growth-stage company again for a long time.
- notahacker 7y agoI feel the reason Regus is only growing at 5% per year being because of their insistence on charging occupants more than they rent the space for probably matters here...
- pembrook 7y agoOr...maybe it could be because nobody knew Regus even existed prior to all these articles about WeWork coming out and mentioning them. And most people still don’t know they exist!
- sokoloff 7y agoRegus owns Spaces, which I suspect a lot of people in the market for WeWork type space would have heard of (or would turn up in the first page of their search results).