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What I saw in the documentary were a lot of hard-working, non-technical people that were offered the chance to work in a "tech" startup. Without knowing it expl
by jelling 6y ago
What I saw in the documentary were a lot of hard-working, non-technical people that were offered the chance to work in a "tech" startup. Without knowing it explicitly, they were betting on WeWork having a moat like Facebook, Google, etc... Real estate has no such moat.
If you are a young founder or startup employee,I recommend learning every type of business moat there is and using that as a key criteria for evaluating opportunities. It won't guarantee success but it will filter out so much garbage.
- titanomachy 6y agoNot to mention all the "founders" who got to spend their days in a cool exciting office, and feel like they themselves were working at the next Facebook or Google. I don't know much about the WeWork demographics. I wonder how many of these companies were venture-funded, self-funded... and how many were just elaborate schemes for burning through trust funds. I'm sure many of them were hardworking people with legit businesses, and just saw this as a convenient and cool way to solve the problem of where to get their work done.