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> They provided something no one else did Yes, they provided more office space for you on Softbank's dime. Funnily enough, this isn't sustainable. Of course t
by automatic6131 3y ago
> They provided something no one else did
Yes, they provided more office space for you on Softbank's dime. Funnily enough, this isn't sustainable.
Of course the model, broadly speaking, makes sense. There are loads of boring, CRE rental providers. e.g. Regus. Which never had valuations in the billions, nor billions of VC inflow to subsidise the offering. WeWork is piss poor execution on a thin margin business.