4 ms·

WeWork is a terrible idea because it has no advantages over Regus/Industrious except for yoga-babel and a much higher valuation. It is akin to valuing Ford at

WeWork is a terrible idea because it has no advantages over Regus/Industrious except for yoga-babel and a much higher valuation. It is akin to valuing Ford at 10x General Motors because Ford has a yoga instructor as CEO

yawniek 6y ago
s/ford/tesla/. Fixed that for you
- lostmsu 6y ago
  Yeah, I had that thought too. Briefly. Clearly, Tesla has bunch of stuff apart from its CEO (who just happens to hit news headlines often).
chrisabrams 6y ago
I'm sure some people would disagree with you. What you value isn't the same as what others necessarily value. That doesn't make it a terrible idea in itself. The experience of a WeWork and Regus are very different. They can both co-exist because some people like a more community type environment, and some people just want a modular space that is affordable. WeWork tried a bunch of things that you might not find at a typical coworking space but I personally would pay 2x for a WeWork space over the same Regus space because I will get more value out of the WeWork space which is meeting people. I have spent plenty of time in my career in WeWork and Regus spaces, and WeWork has been much more fruitful in terms of the network effect.
- lostmsu 6y ago
  > What you value isn't the same as what others necessarily value. That doesn't make it a terrible idea in itself. It does not matter what people value, it matters what market values. And for the market having a yoga CEO is not a selling point for a car.
missedthecue 6y ago
"It is akin to valuing Ford at 10x General Motors because Ford has a yoga instructor as CEO" so tesla
- drevil-v2 6y ago
  That's a false equivalency. Tesla shares are expensive compared to other car manufacturers because investors are placing a bet on the future of the automobile being electric and Tesla having the first mover advantage and becoming almost synonymous with Electric Car. Same way we now tell each other "just Google it". If it was just for having a yoga instructor as CEO and all you can drink Kombucha at it's charging stations then it is eye roll worthy.

yawniek 6y ago

s/ford/tesla/. Fixed that for you

lostmsu 6y ago
Yeah, I had that thought too. Briefly. Clearly, Tesla has bunch of stuff apart from its CEO (who just happens to hit news headlines often).

chrisabrams 6y ago

I'm sure some people would disagree with you. What you value isn't the same as what others necessarily value. That doesn't make it a terrible idea in itself. The experience of a WeWork and Regus are very different. They can both co-exist because some people like a more community type environment, and some people just want a modular space that is affordable. WeWork tried a bunch of things that you might not find at a typical coworking space but I personally would pay 2x for a WeWork space over the same Regus space because I will get more value out of the WeWork space which is meeting people. I have spent plenty of time in my career in WeWork and Regus spaces, and WeWork has been much more fruitful in terms of the network effect.

lostmsu 6y ago
> What you value isn't the same as what others necessarily value. That doesn't make it a terrible idea in itself. It does not matter what people value, it matters what market values. And for the market having a yoga CEO is not a selling point for a car.

missedthecue 6y ago

"It is akin to valuing Ford at 10x General Motors because Ford has a yoga instructor as CEO" so tesla

drevil-v2 6y ago
That's a false equivalency. Tesla shares are expensive compared to other car manufacturers because investors are placing a bet on the future of the automobile being electric and Tesla having the first mover advantage and becoming almost synonymous with Electric Car. Same way we now tell each other "just Google it". If it was just for having a yoga instructor as CEO and all you can drink Kombucha at it's charging stations then it is eye roll worthy.