Re:Critics say WeWork is an overvalued real-estate play
by lloyd-christmas on Thursday October 19, 2017 @03:11PM
(#15510723)
General Assembly's bootcamp program probably isn't the best out there, but the company is worth a hell of a lot more than the rest of the bootcamp industry. Just because a business is easy to imitate doesn't mean it's easy to compete at scale. There are plenty of similar set ups to wework in NYC, but they don't have offices in countless other countries and cities. They simply don't have the scale that the wework network already has. Why would I join one of the other NYC ones for a discount on office space when I can gain business from all around the world just by signing into the member network and checking my messages?
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Re:Critics say WeWork is an overvalued real-estate play
by incendiary on Friday October 20, 2017 @03:52AM
(#15514185)
The main difference is that General Assembly has product differentiation, and where you studied has signalling value. Where you rent your office space, much less so. Hence, WeWork produces a highly commoditized product, which will continually be subject to competitive pressure.