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I love WeWork (am a happily paying member) because to date it’s mostly been a scam on the rich. Now that they’re public, some less wealthy people will have the
by paulcole 5y ago
I love WeWork (am a happily paying member) because to date it’s mostly been a scam on the rich. Now that they’re public, some less wealthy people will have the opportunity to fall for the grift. But so far it’s been VC bozos footing the bill for really nice buildings for people like me to work in.
It’s not like Theranos, Uber, etc. that were harming normal people.
- compiler-guy 5y agoI suggest reading Billion Dollar Loser to see how WeWork abused its employees.
- Jasper_ 5y agoA good chunk of the money from SoftBank is coming from loans to SoftBank employees [0], who are just typical salarymen under extreme pressure by their employer. The house always wins. [0] https://techcrunch.com/2019/08/17/softbank-reportedly-plans-to-lend-employees-as-much-as-20-billion-to-invest-in-its-vc-fund/ https://techcrunch.com/2019/08/17/softbank-reportedly-plans-...
- soared 5y agoIts easy to misinterpret your comment, but many people find the same sentiment elsewhere. When lyft (and maybe uber?) were subsidizing most rides, so you could get a ride for ridiculously cheap. For close to a year I took a lyft to and from work because it was cheaper than taking the bus. Same with moviepass - I was going to theatres and VCs were paying for it. If you live outside of SF and aren't really concerned with tech/etc, there are definitely situations where the average person can directly benefit from VC funding and not feel bad about it.
- cm2012 5y agoNot just rich people, but the Saudi royal family. Adam Neumann should get a prize for wasting so much of their money, lol.