U tweetove putem weba ili aplikacija drugih proizvođača možete dodati podatke o lokaciji, kao što su grad ili točna lokacija. Povijest lokacija tweetova uvijek možete izbrisati. Saznajte više
The WeWork problem starts early in the VC funnel. Fast growth and lots of “traction,” however sexy, does not make a company a tech company. The magic of tech is that it creates leverage with scale. Scale without compounding leverage is whatever the opposite of a tech company is.
Inevitably lots more pain ahead for fast growing startups in other industries with a ton of cash flowing through them where there’s not inherent leverage from tech or network effects: real estate, insurance, banking, credit, non-pharma health care, and entertainment.
Subletting office space to other companies also does not make a company a tech company.
True. WeWork was essentially a REIT with some really skilled interior designers, a quirky CEO who used his personality rather than business metrics to secure an inflated valuation, and VCs who didn’t know what to do with their money.
Scale is all about how much your costs (variable) decrease as units increase. Having a high fixed cost means that scaling doesn't improve revenue/bookings/profit more than linearly. Tech/software usually has low fixed costs, so it naturally feels very attractive.
It highlights how far apart the VC world and the public market are - WeWork simply released its IPO prospectus and got a strong dose of reality
Leverage that increases with scale... Have you heard of a company called Marriott?
excellent read, Bloomberg totally called this in January:https://www.bloomberg.com/opinion/articles/2019-01-08/wework-and-softbank-live-in-their-own-world …
The three most over-used and inaccurate words to describe WeWork’s business model are: technology, community and scale — apparently WeWork’s management thought their success hinged upon these three things which is why they’re all updating their resumes this week
You can’t build a sustainable, profitable coworking company without signing leases at a discount to market rates and keeping overhead low (you need to stay lean and scrappy) — WeWork did the opposite.
And maybe it’s just also been done a million times before and beyond a catchy name is nothing new and nothing “tech”
Twitter je možda preopterećen ili ima kratkotrajnih poteškoća u radu. Pokušajte ponovno ili potražite dodatne informacije u odjeljku Status Twittera.
