Re:Meaningful Exits for Founders
by hodgesrm on Friday August 18, 2023 @02:58PM
(#37180453)
This. In addition to better outcomes for founders it can be a better outcome for the economy at large including but not limited to customers and employees. As a whole society would be better off with fewer Ubers & WeWorks.
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WeWork was a useful way to make SoftBank subsidize office rentals for freelancers and small businesses; it had high social benefit.
Given what WeWork charged, you can't convince me there was much subsidy there, nor much social benefit.
"Cool offices" are something that should never even be talked about by a founding team until they have several spare million sitting in the bank. Until then, rent cheap-ass real estate and buy second-hand office furniture. And that's if you even have offices, which you may not need if you're a software and/or services company. Nice laptops, monitors, chairs, Zoom, GitHub, and Google subscriptions are really cheap compared to real estate!