While this is true, there's plenty of non VC backed companies, consultancies, and startups at WeWork. I never liked the place myself, but it does provide value. A lot of money out there is dumb money, and a lot of it is smart money, and there's nothing wrong with having some percentage of your revenue be dumb money. AWS certainly does but nobody would question the sound fundamentals of AWS as a business. WeWork has a better balance in that regard than many others.

That's how mainstream internet got started - dotcom-era Yahoo was getting paid the ad dollars from startups spending money to buy growth, that very money they have raised on the promise of being the next Yahoo which is making a killing! (on the ad dollars...)

>When you consider that much of WeWork’s revenue is likey just VC dollars paying the expenses of their tenants then the whole thing looks even crazier. VC money paying revenue of a startup that uses that revenue to justify raising more money from VCs. I have some bridges to sell.

A definition of a pyramid scheme

Anecdotally,we're a bootstrapped business and a happy wework tenant.