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A comment on WeWork documentary explores a decade of delusion. Parent comment

Re:WeWork documentary explores a decade of delusion by logifail on Tuesday April 06, 2021 @01:52PM (#26715107)
> Yes, there were [..] some major challenges with the basic fundamentals of their model . But there were many (hundreds of thousands?) of real users in many cities paying them money for office space.

Sorry to be somewhat off-message for HN, if there are "major challenges with the basic fundamentals" who actually cares how many users they have, and how happy they were with the product?

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Re:WeWork documentary explores a decade of delusion by zeroxfe on Tuesday April 06, 2021 @02:16PM (#26715370)
When startups are exploring new spaces, there are always challenged with basic fundamentals. There's just too many uncertainties and unknown unknowns to nail down even remotely concrete projections. So VCs resort to other metrics (partnerships, engagement, team makeup, and most importantly growth) as heuristics for future value.

If you look at Tesla, Facebook, Google, etc. none of them had great fundamentals at startup. Facebook and Tesla didn't even have great fundamentals when they went public.

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Re:WeWork documentary explores a decade of delusion by logifail on Tuesday April 06, 2021 @02:54PM (#26715833)
> When startups are exploring new spaces [..]

Sorry, but who (with a straight face) can claim WeWork was genuinely "exploring a new space"?

Regus has been offering temporary office space since 1989 (when Adam Neumann was aged 10?).

Oh, there was never a DJ nor free beer at Regus. I'm sure that makes all the difference, though.

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Re:WeWork documentary explores a decade of delusion by listenallyall on Tuesday April 06, 2021 @08:37PM (#26719160)
With all due respect, marketing does matter. Do you personally know a single person under 35 years who leased a Regus office? Lawyers excluded. It's like Buick.
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