3 ms·
They had zero moat. I’ve also been to a few spaces that were basically wework clones on the amenities and location but slightly better price and probably less o
by coffeebeqn 3y ago
They had zero moat. I’ve also been to a few spaces that were basically wework clones on the amenities and location but slightly better price and probably less overhead so maybe it’s sustainable
- smcin 3y agoWeWork did have a small moat, namely the worldwide membership plan ("WeWork All Access") to 500+ locations incl. conference room. Even given they massively overextended on real-estate (by paying insane commissions up to 50%) and are about to go boom, it (is/)was still good value in the short term, if you change(d) location often. (Regus similarly has access to lounge, coworking and office memberships worldwide 4000 locations).