Re:WeWork Is Raising Funds at $35B Valuation
by zaidf on Wednesday June 13, 2018 @06:36PM
(#17307582)
I've used both Regus and WeWork and would pick Regus over WeWork any day. I am so much more productive at a more laid-back, quiet (both sound and visual noise) environment than the hustle and bustle that WeWork takes pride in. WeWork calls this energy, I call it noise.
Re:WeWork Is Raising Funds at $35B Valuation
by chasely on Wednesday June 13, 2018 @06:42PM
(#17307629)
Seconded. I'm at WeWork now, and had to upgrade offices just so I could be somewhere that was quieter. Once my contract is up I'll be looking for a more out-of-the-way office where I don't need to put on headphones several times a day.
Re:WeWork Is Raising Funds at $35B Valuation
by subdane on Wednesday June 13, 2018 @07:06PM
(#17307789)
Thirded. WeWork has horrible sound design.
Re:WeWork Is Raising Funds at $35B Valuation
by mxschumacher on Wednesday June 13, 2018 @06:45PM
(#17307654)
for reference, IWG's market cap (the parent of Regus) is $3.8bn
Re:WeWork Is Raising Funds at $35B Valuation
by josephjrobison on Wednesday June 13, 2018 @07:07PM
(#17307793)
I hear you on that end of tracking customer experience.
That being said, they trump up their internal social network as part of their valuation, but it barely gets used in my WeWork and I can see globally that it doesn’t get used much except for selling and some reference requests.
It’s used at a rate of like less than one posting a month per person.
Re:WeWork Is Raising Funds at $35B Valuation
by FigureTheGreat on Wednesday June 13, 2018 @08:32PM
(#17308266)
>very few companies can create the kind of global footprint that WeWork now has
If other companies were able to lose $900m/yr and still operate I bet they would be able to create that type of global footprint
Re:WeWork Is Raising Funds at $35B Valuation
by jaredhansen on Thursday June 14, 2018 @12:23AM
(#17309264)
Yes, but that's a rather large if, isn't it now? Access to capital is a moat all its own.
That is not at all what WeWork offers. I'm typing this from a Regus office space (probably the best known incumbent), and having worked out of WeWork offices at other times, the difference between the two experiences couldn't be more stark.
A lot of companies try to claim to be "tech companies" when they're really just doing some mundane thing, in the same way as ever, but with a "tech" sheen on the website. (Maybe some green kanji characters scrolling down a black background, that sort of thing.)
WeWork really is different. I've seen some of the tech they deploy to improve the density ratio of the buildings, and to track different aspects of their customers' experience, and on and on. I'll grant that there aren't many barriers to entry in a small-scale, "hey, here's a desk and hot coffee" local market -- but very few companies can create the kind of global footprint that WeWork now has, which is a big part of the main strategy, going after the office needs of the Global 2k.