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The market doesn't demand that a monolithic entity like WeWork exist in order for co-working spaces to exist. Read up on WeWork's history and what happened wit
by jzl 7y ago
The market doesn't demand that a monolithic entity like WeWork exist in order for co-working spaces to exist.
Read up on WeWork's history and what happened with the Vision Fund investment. The only reason there are so many WeWorks is because they were given so much money that they didn't know what to do with it. And look what happened to that investment.
- LatteLazy 7y agoI don't think we will ever know the full tide of BS that was the WeWork/vision fund relationship. It suits both sides to not be forthcoming. That said, I know people who use multiple WeWork locations in the same city depending on where they are for client meetings. Plus many other similar office space companies were not as flexible as WeWork (rent an office, it has to have walls, no you can't just get one desk in an open area). And some people really like the "atmosphere". So who knows? Personally, I think the reason we have a market is to get these decisions right. I'm aware my own views on the subject represent about 0.000000001% of humanity. So I may dislike WeWork but that doesn't mean they won't double in size and show a huge profit. Or I may love them but that doesn't mean its not a giant ponzi scheme. Its important I do not to get attached to my own opinions as they're so often wrong :D Again, just more random musings from me.