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There are several WeWork competitors[1] that are doing just fine with the "lease long, rent short" model. They're just not valued as if they're a tech company l
by AlexandrB 3y ago
There are several WeWork competitors[1] that are doing just fine with the "lease long, rent short" model. They're just not valued as if they're a tech company like Google[2].
Fundamentally it seems like a pretty boring business of market forecasting and risk management. Not something that's going to yield 10X returns for a VC.
[1] https://www.cbsnews.com/news/ftx-bankruptcy-tweet-sam-bankman-fried/ https://www.cbsnews.com/news/ftx-bankruptcy-tweet-sam-bankma...
[2] https://www.forbes.com/sites/forbestechcouncil/2019/06/14/how-did-wework-beat-regus/?sh=1908377b4303 https://www.forbes.com/sites/forbestechcouncil/2019/06/14/ho...