| It's been floated they can get margins instantly by pulling back on variable cost ameneties like beer, kombucha, operations staff, etc. That said, having been one of their tennants in SF, the price still feels high. The facilities are really nice, but it's A LOT of cash flow for most startups. The clinentell that seem OK with the price tend to be large corporations conducing top-of-cycle innovation theater with small offices doing "INNOVATION" And service agencies; PR, Marketing, etc. There are relatively few low capital, expoential growth companies I have found. Very few people griding out code past say 6pm most days. Most folks are living a lifestyle outside of WeWork's walls. The Transbay facility at 535 Mission is completely empty Saturday and Sunday. It's a lot of innovation & tec tourists. Folks here for top of cycle vibes, but without the cred of having built something that will last. People who want to build lasting companies GTF away from WeWork. |