weworkfromhome
Re:How Did WeWork’s Adam Neumann Build a $47B Company?
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.
Re:How Did WeWork’s Adam Neumann Build a $47B Company?
on Monday June 10, 2019 @05:03PM (#20150834)
This suggestion is made every time there's a thread about WeWork and it's just not viable. There are startups in this space already and the reality is always borne out: it's simply not worthwhile to rent out space in your home to an individual. You can get a monthly membership to WeWork for <$400 in most locations, and there's lots of no-brand co-working spaces that charge less than half of that. If you can pay $200/month to have 24/7 access to a space with amenities and flexibility... why would you pay someone $10 to sit in their apartment for 7 hours until they come home and you awkwardly shuffle out so they can make their dinner? And who is going to rent their apartment out for $10/day with all the liability that comes along with it? All the pain of Airbnb, <10% of the earnings.
Every one of the startups in this space either disappears, or pivots their focus to larger spaces designed for meetings, events or shoots. For example there's https://breather.com in the US and https://www.vrumi.com in the UK. The cheapest space on vrumi is far more expensive than WeWork.