Molson Hart

Mailchimp has never had any radical tech, just good software that's gotten a little better every few months for 15 or so years. https://techcrunch.com/2019/05/13/mailchimps-ben-chestnut-on-bootstrapping-a-startup-to-700m-in-revenue/ …

WeWork in process of building huge tech advantage. They have best engineers among their peers by far. They're also working w/best startups in the space and they can either buy or become a massive customer (for those startups; beware of becoming captive to a customer like WW!)

There's huge surface area for them to attack in terms of better software to improve tenant/guest experience + drive down their costs. They are in 1st inning of that process. Why only the 1st? Because they haven't had to rush on that front given their peers are so inept at tech.

Thanks for the response. I'll let you get to the park. - I doubt WeWork can meaningfully negotiate lower PPC from google. And if they could, it's not important enough to matter. - I don't see big returns to technology in their space at all.

Thanks again. Agree w MH: WW buys wholesale, sells retail (w a massive asset-liability mismatch). I do not see how they can buy cheaper or sell more dear. Overhead, marketing, sales? maybe. If it was such a great model, they'd be making money AND the guy would not be buying bldgs

Yikes, did not know that the CEO was personally buying buildings and then leasing them back to the company he's running. Gross. https://www.wsj.com/articles/weworks-ceo-makes-millions-as-landlord-to-wework-11547640000 …

This conflict of interest strikes me as indefensible tho perhaps there are exculpatory details. Re goog a better Quality Score is a huge advantage...it’s worth exploring if you’re unfamiliar...ties to underrated genius of goog using ctr in AdWords.

Yeah, but quality score and scale are not really highly correlated! And...[all the points I made before]