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WeWork was a useful way to make SoftBank subsidize office rentals for freelancers and small businesses; it had high social benefit.
by idlewords 3y ago
WeWork was a useful way to make SoftBank subsidize office rentals for freelancers and small businesses; it had high social benefit.
- dublin 3y agoGiven what WeWork charged, you can't convince me there was much subsidy there, nor much social benefit. "Cool offices" are something that should never even be talked about by a founding team until they have several spare million sitting in the bank. Until then, rent cheap-ass real estate and buy second-hand office furniture. And that's if you even have offices, which you may not need if you're a software and/or services company. Nice laptops, monitors, chairs, Zoom, GitHub, and Google subscriptions are really cheap compared to real estate!
- tptacek 3y agoAt its peak, in 2016-2017, WeWork was charging something like $250/mo in Chicago.