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I think those are different, because they are frequent small transactions where having a smooth flow is essential. Renting an office is a longer term relationsh
by im3w1l 3y ago
I think those are different, because they are frequent small transactions where having a smooth flow is essential. Renting an office is a longer term relationship so a marginal improvement in transaction cost doesn't really move the needle in the same way.
- ghaff 3y agoThose businesses have some shared infrastructure and brand--maybe more than WeWork--but they're still largely city-by-city labor-intensive retail businesses that still can't clearly profitably operate at scale, at least at their current cost structure.