How Did WeWork’s Adam Neumann Build a $47B Company?

Re:How Did WeWork’s Adam Neumann Build a $47B Company? by a13n on Monday June 10, 2019 @05:08PM (#20150883)

To be fair the number of people who are able and willing to pay even $200/mo for co-working space is MUCH smaller than the number of people who are able and willing to pay $10/mo. Plenty of people would prefer to pay $10 to sit in someone's apartment for 7 hours, just like every day millions of people pay $5 to sit in a cafe for a couple hours.

This becomes more obvious when you leave the rich tech bubble of SF.

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Re:How Did WeWork’s Adam Neumann Build a $47B Company? by weworkfromhome on Monday June 10, 2019 @05:40PM (#20151160)

I’m not clear on the numbers you’re thinking about: is that $10 per month or $10 per day? The former is impossible (that’s... 1/300th of what Airbnb-ing would earn) and the latter is equivalent to the cost of a formal co-working space.

As the existing startups have proven, there’s no market for individuals renting houses to work from, the economics don’t work. A day pass at WeWork is cheaper than every listing on Vrumi.

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Re:How Did WeWork’s Adam Neumann Build a $47B Company? by sharadov on Monday June 10, 2019 @06:10PM (#20151377)

I looked at Vrumi and the cost is ridiculous! $20/day/person tops, I go to Hacker Dojo in the Bay area and it's a decent place with good wifi, nothing fancy and its about that much.

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