it fits a pattern of low-margin businesses (commercial real estate, food delivery, juice smashing) selling investors fairy tales
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it would take ~$100M to house the indigent in SF. That money is unavailable from tech speculators, who need it for lavish bonfires
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everyone who has visited a WeWork office knows it is running at a loss, wastes money, and employs far too many staff. And yet, $$$
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I think this is the story they tell, but there is no evidence they have been able to pull it off anywhere. They’re burning money
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“better than Uber” is a low bar to clear
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Burning more money than Uber seems easy, like a steak eating competition. But when those waiters keep bringing new steaks...
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Their water coolers have cut up fruit in them.
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I can tell a soda jerk when I see one
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And I'd add that scaling your business before you know it works is rarely a smart move. They could test this hypothesis for way less money.
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