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Wework’s business was controlling real-estate via leasing. It never had enough money to own meaningful amounts of office space in multiple major markets.
by brudgers 2y ago
Wework’s business was controlling real-estate via leasing. It never had enough money to own meaningful amounts of office space in multiple major markets.
- monomial 2y agoI agree with chrisweekly, it's not even close. WeWork provided value to people by assuming some risk in signing those longer term lease agreements and repackaging it to people looking for shorter term office space or to those who would otherwise not want to enter into a commercial office lease themselves. I don't think OP is really offering any value add over a quick search for "coworking <city>" and I imagine that's why nobody is signing up. Personally, I find that even a free SaaS subscription is a liability these days so the value add needs to be highly compelling.
- brudgers 2y agoI was only making a technical point about real-estate. Critiquing the OP’s project doesn’t interest me intellectually.