Re:WeWork to Sell $500M of Bonds in Debut Sale
by joshuak on Tuesday April 24, 2018 @04:06PM
(#16916072)
This. Exactly this. It's the intangibles. Comparing price / sq ft is like comparing the performance of Mac and Pc.
I have a single private office at WeWrok in downtown LA for $650. Is that a good deal or bad deal?
Do you feel like you need to ask me what size my office is to answer? If you do then you fundamentally misunderstand what WeWork is selling.
Yes WeWork buys square footage, but that is not what they are selling. Google does not sell search (eyeballs), Amazon does not sell products (logistics), Github does not sell code storage (collaboration), and Apple does not sell computers.
This holds true for every successful company in the world until the innovators dilemma[0] overtakes them.
I have a single private office at WeWrok in downtown LA for $650. Is that a good deal or bad deal?
Do you feel like you need to ask me what size my office is to answer? If you do then you fundamentally misunderstand what WeWork is selling.
Yes WeWork buys square footage, but that is not what they are selling. Google does not sell search (eyeballs), Amazon does not sell products (logistics), Github does not sell code storage (collaboration), and Apple does not sell computers.
This holds true for every successful company in the world until the innovators dilemma[0] overtakes them.
It's meaningless to compare sats.
[0]: https://en.wikipedia.org/wiki/The_Innovator%27s_Dilemma