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I think WeWork was a great idea poorly executed. They took a huge amount of money, treated it like s tech start up, instead of having a frugal corporate office

I think WeWork was a great idea poorly executed. They took a huge amount of money, treated it like s tech start up, instead of having a frugal corporate office managing their various locations. But the great irony, given that WeWork might collapse at any moment (or already has?) is that it would probably be a great idea to start that right now or in the next year or so, as CBRE prices collapse and people increasingly look for cheap temporary and part time offices

toddmorey 3y ago
Yes, exactly. It was a real estate company saying, "No, we're a tech company!" while contracting into an insane amount of real estate. Nothing about their technology changed the fundamental economics of corporate office space but they were building something that needed to do exactly that to survive.
yumraj 3y ago
> I think WeWork was a great idea poorly executed. I would argue that it was a poor idea that was greatly executed. Everything was great for a while due to execution. But, when the realities or should I say limitations of the poor idea caught up, everything came crashing down.
- ecshafer 3y ago
  IWG (who owns Regus) is a 45 year old company with almost 3 Billion British pounds of revenue a year. Its evidently possible to have a large successful business doing this. Shaking it up with more flexibility and nicer offices is a good idea overall I think.
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- paxys 3y ago
  Throwing an unlimited amount of investor money at a problem without caring about profits isn't exactly great execution.
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paxys 3y ago
It was an okay idea poorly executed. Breaking up and leasing office space into chunks wasn't exactly some revolution thought up by Neumann. Companies like Regus were already doing the exact same thing – profitably – since well before WeWork existed. The only thing WeWork did different was pour billions of investor dollars into advertising and headline-making gimmicks.

toddmorey 3y ago

Yes, exactly. It was a real estate company saying, "No, we're a tech company!" while contracting into an insane amount of real estate. Nothing about their technology changed the fundamental economics of corporate office space but they were building something that needed to do exactly that to survive.

yumraj 3y ago

> I think WeWork was a great idea poorly executed. I would argue that it was a poor idea that was greatly executed. Everything was great for a while due to execution. But, when the realities or should I say limitations of the poor idea caught up, everything came crashing down.

ecshafer 3y ago
IWG (who owns Regus) is a 45 year old company with almost 3 Billion British pounds of revenue a year. Its evidently possible to have a large successful business doing this. Shaking it up with more flexibility and nicer offices is a good idea overall I think.
- deleted 3y ago
  [deleted]
paxys 3y ago
Throwing an unlimited amount of investor money at a problem without caring about profits isn't exactly great execution.
- deleted 3y ago
  [deleted]

paxys 3y ago

It was an okay idea poorly executed. Breaking up and leasing office space into chunks wasn't exactly some revolution thought up by Neumann. Companies like Regus were already doing the exact same thing – profitably – since well before WeWork existed. The only thing WeWork did different was pour billions of investor dollars into advertising and headline-making gimmicks.