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> It's obvious there is value, otherwise these companies wouldn't exist, no matter how much VC money is pumped in. Would you say this about WeWork a year ago?
by AlexandrB 7y ago
> It's obvious there is value, otherwise these companies wouldn't exist, no matter how much VC money is pumped in.
Would you say this about WeWork a year ago? VC-style central planning has had a great distorting effect on the supply/demand information function of the market.
- ypzhang2 7y agoYes there is value in the product, its like fancy Regus, which is a real business. Its not worth what it was worth.
- ghaff 7y agoOh I think there was some value in WeWork. OfficeSpace-as-a-Service that was hipper than Regus and offered consistency across many cities. But obviously far less value than the money being pumped into WeWork would suggest.