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WeWork is fundamentally real-estate, shouldn't trade at the multiples of a tech company. But it's interesting what they did with their real-estate by repackagi
by 908B64B197 6y ago
WeWork is fundamentally real-estate, shouldn't trade at the multiples of a tech company.
But it's interesting what they did with their real-estate by repackaging it as the "Cloud Computing" of office space. Fundamentally, they solved the issue of selling office space to folks who either needed to add capacity in a short time or who just had to go month to month because no landlord would talk to them (a startup with N months of runway might not be the best tenants. Prime real-estate is rented out with leases that are in the 5+ years durations).
Their network was also an interesting feature: For folks traveling for business it might be an interesting value proposition to be able to just go to any of their locations worldwide. That's a real differentiator from most coworking spaces around (I'm thinking Hanahaus and the likes) that only have in the single digits locations.
- xtracto 6y agoI dont understand all the fuzz about WeWork. I was renting Regus spaces here in Mexico when our startup started growing about 8 years ago. Here in my city there are at least 3 companies that offer ready-made spaces (Regus, iOS and a local one called Nevermind) that have been active for quite a while.
- 908B64B197 6y agoI discovered Regus on this very thread. WeWork managed to get itself in the media. That's the only difference I can see. As an aside, iOS and Nevermind are both horrible for getting any visibility on a search engine...
- bumby 6y agoThe film makes brings up Regus and seems to point to the difference largely being marketing, especially to a younger crowd. Regus was portrayed as your fathers stodgy old sublet and WeWork s was where you’d want to rent to be around fun, beautiful people