Re:SoftBank’s Vision Fund Loses $17.7B on WeWork, Uber
by lostmsu on Monday May 18, 2020 @06:31PM
(#23229149)
> What you value isn't the same as what others necessarily value. That doesn't make it a terrible idea in itself.
It does not matter what people value, it matters what market values. And for the market having a yoga CEO is not a selling point for a car.
The experience of a WeWork and Regus are very different. They can both co-exist because some people like a more community type environment, and some people just want a modular space that is affordable.
WeWork tried a bunch of things that you might not find at a typical coworking space but I personally would pay 2x for a WeWork space over the same Regus space because I will get more value out of the WeWork space which is meeting people. I have spent plenty of time in my career in WeWork and Regus spaces, and WeWork has been much more fruitful in terms of the network effect.