Pandemic changed a lot the office market. It is slowly recovering but many people work part time or full time online. Working from home is not always desirable. That creates a need of a coworking space. Tje idea is not bad necessarily. The question is; is the business financially sound ? And how to value the business ?
Agreed, the concept of WeWork is a great idea. There are plenty of coworking spaces out there. I personally would use one if I were a solopreneur or freelancer. It's a matter of if they can develop a sustainable business model that actually turns profits. They sold a ton of bs early on to landlords and didn't worry about costs that eventually ballooned up and are coming back to haunt them now.
@DarkModeDigest damn it I was watching a video from A life Engineered and then yours was next in the Playlist, I commented and sent the comment but it landed on your video. Sorry for that 😅 Nonetheless, I discovered your channel yesterday from the Scale AI video and it looks you are going places, keep going Loryn 😀
@@DarkModeDigest... so it was management failure... and failure of the company value calculations. How many other big ones are in this kind of stage stage where most valuable data is growth not profitability
yeah its crazy. But tbh, the early investors in wework actually made out with a lot of cash. So, the new early investors in adam's current venture are prob banking on the same
@@DarkModeDigest haha yeah I've worked at a couple of startup companies in the past and they all failed, but I do have to say the perks were great, fully stocked break rooms with beer on tap on Fridays, lunch catered everyday, but it's all for show in the end.
Serving beer at work is really dumb. Sure you can open the tap only on fridays after 3pm but in a traditional company for team building, not a shared space of random people. The whole silicon valley vibe is super lame now
companies do what they can to keep workers hooked and staying at the office. It is kind of nice to have it after work on a thurs or fri with some colleagues though.
@@DarkModeDigest sure with colleagues, but in a shared space, it basically just a tavern. A bunch of people getting sauced with no underlying work dynamics setting boundaries or reasons to respect each other.... recipe for disaster. There is a reason you don't work sitting on the couch, rather you have a study area or small office in the home. There needs to be be a separation. Can't be very productive in a shared office space with people drinking beer and actual dogs running around. Sounds wonderful on paper, maybe even for a week, but soon enough you'll see why you have to have seperate environments for purposes.
@@robbylebotha not everyone gets sauced and disrespects each other. In fact, most of the time people don't. But I hear you on having a good work/life boundary. Google had popularized Silicon Valley's "work hard, play hard" culture. I think it's died down a lot. WeWork def embodied the play culture too much and look where they are now...
Adam Neumann is a con-man, no company he's ever started has become profitable. You will only benefit going into business with him, if you're an early investor and cash out. But there are limited Masayoshi Son's in the world, in term of money and technology challenged to be blind that WeWork is a real estate company.
“Physical social networks” wow the marketing jargon is crazy 😮
yeah right 😂
You mean …… friends?
@@cheechalker8430 nope. "Physical social networks" 😉
There is a old saying, "fool me once shame on you, fool me twice shame on me!"
Yep 😂😭
The valuation companies are scammers too.
everybody's scheming nowadays
Only rookie real estate investors thought that would work.
adam knew how to sell and pursuade
Makes sense that Adam would run into crypto after building up a solid scammer portfolio.
yeah crypto is where they all seemingly go
Pandemic changed a lot the office market. It is slowly recovering but many people work part time or full time online. Working from home is not always desirable. That creates a need of a coworking space. Tje idea is not bad necessarily. The question is; is the business financially sound ? And how to value the business ?
Agreed, the concept of WeWork is a great idea. There are plenty of coworking spaces out there. I personally would use one if I were a solopreneur or freelancer. It's a matter of if they can develop a sustainable business model that actually turns profits. They sold a ton of bs early on to landlords and didn't worry about costs that eventually ballooned up and are coming back to haunt them now.
Well done on this you deserve way more subscribers
thank you! I'm glad you enjoyed this episode and appreciate the support 🙌
Very good work. You seem to be a youtuber that'll make it on the platform. Keep up the good work!
thank you! really appreciate the love :)
Starting from the feedback of the youtube comments to plan for your video is such a Work backwards move 😂 nice video as always Steve 😀
not sure but maybe you're referencing the wrong video? I'm Loryn :)
@DarkModeDigest damn it I was watching a video from A life Engineered and then yours was next in the Playlist, I commented and sent the comment but it landed on your video.
Sorry for that 😅
Nonetheless, I discovered your channel yesterday from the Scale AI video and it looks you are going places, keep going Loryn 😀
@@MostafaAliMansour haha no worries! thanks for the love :)
This company never generated any profit... and its value was only growing - case only possible in US
this is many companies. They're just one of the biggest ones that got caught doing it before they could actually make profits
@@DarkModeDigest... so it was management failure... and failure of the company value calculations. How many other big ones are in this kind of stage stage where most valuable data is growth not profitability
@@jacekkubiak3551It was never designed to be profitabel in the first place...the founder made a lot of money
5:01 Is this Miami?
you got it!
Adam on the run again 😂
indeed he is
He is going to get another billions for himself again with his new venture.
Jesus Christ! Can investors stop being stupid?
yeah its crazy. But tbh, the early investors in wework actually made out with a lot of cash. So, the new early investors in adam's current venture are prob banking on the same
10:26 😅😂😂😂😂😂😂😂
Lately we buy some shears and the rabbi writing to get people ready for the moshiach redemption 770 eastern parkway Brookline NY
Cannabis stokes we also have
So the Lubavitcher rebbe wright me that in we work Spaces will learning tora tehilim (sing of king David) and Tanya a chaises for the redemption
Crazy story
the CRAZIEST. Adam is back on his usual shit again with his newest startup Flow 😂
He reminds me of Christiane Amanpour.
just from appearances?
Any time I hear "startup" and "tech" I cringe.
that's this generation 😂
@@DarkModeDigest haha yeah I've worked at a couple of startup companies in the past and they all failed, but I do have to say the perks were great, fully stocked break rooms with beer on tap on Fridays, lunch catered everyday, but it's all for show in the end.
@@boysheartgirls the perks are how they get you haha
Serving beer at work is really dumb. Sure you can open the tap only on fridays after 3pm but in a traditional company for team building, not a shared space of random people.
The whole silicon valley vibe is super lame now
companies do what they can to keep workers hooked and staying at the office. It is kind of nice to have it after work on a thurs or fri with some colleagues though.
@@DarkModeDigest sure with colleagues, but in a shared space, it basically just a tavern. A bunch of people getting sauced with no underlying work dynamics setting boundaries or reasons to respect each other.... recipe for disaster.
There is a reason you don't work sitting on the couch, rather you have a study area or small office in the home. There needs to be be a separation. Can't be very productive in a shared office space with people drinking beer and actual dogs running around. Sounds wonderful on paper, maybe even for a week, but soon enough you'll see why you have to have seperate environments for purposes.
@@robbylebotha not everyone gets sauced and disrespects each other. In fact, most of the time people don't. But I hear you on having a good work/life boundary. Google had popularized Silicon Valley's "work hard, play hard" culture. I think it's died down a lot. WeWork def embodied the play culture too much and look where they are now...
Adam Neumann is a con-man, no company he's ever started has become profitable. You will only benefit going into business with him, if you're an early investor and cash out. But there are limited Masayoshi Son's in the world, in term of money and technology challenged to be blind that WeWork is a real estate company.
100000%
I know middle eastern people that can sell peanuts to peanut allergic people too
who??
@@DarkModeDigest libaneses and israelis
@@jormoria those are good people to have on your side
@@DarkModeDigest no kidding. am not saying they bad...im saying they can sell running shoes to a paralitique
@@jormoria im not saying its bad either :)