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I really just think the play on all these sorts of companies was just to get max amount of money in this era of intense amounts of dumb investor money before it

• laurent92 5y ago
  > The investor money IS the end goal. “But you said you would never betray our customers! —Yes, because the customer is the shareholder.” – You know it’s bad when the series Silicon Valley mocks one’s business model for a joke. > The math on WeWork etc. finding profitability never made sense. “Don’t worry, we lose on every unit but we make it up on the quantity.” Yes, we were in a bubble. More seriously though, Kondratief cycles are very long cycles, 50+ years, and the phase II is land grab. Economics didn’t make sense because investors are betting that they can extort customers later on. Example: If WeWork succeeded to make building management code as difficult as construction code, they could have evicted all companies who try to maintain their own workspace (“Too bad, he didn’t know every 4th extinguisher has to be blue to be seen in case of red light event”) and WeWork would have rented companies their own workspaces. For that, you need to both dominate and modify the legal framework to prevent small actors from giving birth.
  • JohnJamesRambo 5y ago
    Hadn't heard of Kondratief cycles, it's an interesting idea, thanks for sharing.