WeWork is transparently and obviously an untenable business, but soaked up billions in funding. Something is broken. https://www.wsj.com/articles/wework-a-20-billion-startup-fueled-by-silicon-valley-pixie-dust-1508424483 …
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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 am happy to smash your juice for a high margin, if asked
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You don't understand. You see, it's *proprietary* juice.
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What I don’t get is how these “coworking” spaces are any different from what Regus has been doing for decades https://en.m.wikipedia.org/wiki/IWG_plc
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The tech label is a disguise The goal is to take low margin businesses & make the segment profitable by applying the old practice of dumping
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which can be summarized as the use of capital to drive incumbents out of business by ignoring the law and undercut prices. As old as capital
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