[bduerst]

Which is still to my point: Softbanks Vision Fund model is not proven yet. It is just as probable it is more a vehicle to find a place for Middle Eastern money to sit than a true 10x fund strategy, which is becoming more evident since they're already working on Vision Fund 2.

Requiring Gitlab doesn't translate into requiring office space either.

[threeseed]

Back of a napkin:

* Growth in remote workers = 9% per year.

* Percentage of remote workers who want an office = 20%.

* WeWork market share = 90%.

= 1.62% of all workers each year will potentially shift to WeWork.

[gbear605]

You think 9% of all workers will switch to being remote every year starting now? By that logic, there won’t be any non-remote workers left in 15 years. The current number is only about 3% [1], so a more reasonable growth number (although still large) is 0.25%, which means (by the rest of your numbers), only 0.045% of all workers (in the US) each year will switch to WeWork.

[1]: https://smallbiztrends.com/2018/04/2018-remote-work-statisti...

[flukus]

> * WeWork market share = 90%.

I think that's where the error lies. WeWork has no lock-in, there's no good reason to choose them over a competitor and it doesn't take much capital to start a local competitor (and there are many already).

I was looking at offices like this recently and the most important factor was being close to home which had local competitors. When I look at WeWork locations, they're mostly in the CBD, so they're not even attracting anyone with a local office.

It's not even a new business model, just SV hype.

[ohashi]

90% market share of office space? That's hilarious