If, by the concept, you mean coworking spaces, then yes, that concept can and does work. If you mean coworking spaces administered by people in SF making tech

If, by the concept, you mean coworking spaces, then yes, that concept can and does work. If you mean coworking spaces administered by people in SF making tech salaries and needing the growth and scale that VC demands, then it seems unlikely. In my hometown, the coworking space costs $140/mo right in downtown (220 with a dedicated desk). Anything that can operate locally is probably going to beat the dumb money that We Work represents.