He bought the name "We" (from himself) for 6 million ?!? I'll sell you "They" for just 3 million. I'm planning a sale on the other pronouns next week too.
Thanks for watching! Check out even more resources: - Our pitch deck service: slidebean.com/pitch-deck - Our Blog: Daily articles on startup insights. slidebean.com/blog - Slidebean app: You can access a bunch of features for free slidebean.com/plans - Our Free Templates: Nearly 200 free templates you can download and edit, including the ones you need to get your business started. slidebean.com/templates - Our Udemy course: udemy.com/course/starting-a-business-101/
You said something like "this will be important later" (2:46) and "we will get back to this" (6:10), but these topics have never been addressed ever again until the end of the video.
30-45% margin is typical for technology company. 10-15% for real estate. So, that was the catch. He would hoped your would realise it, instead of spoon feeding it to you.
Big thank you to this channel, as someone working in startups, this in depth analysis offers a beautiful way to learn from others successes and failures. Thank you for putting the time into these !!
These are the problems with we work 1. The unprofitability comes from the fact that they are leasing expensive-ass offices for 15 years to companies that are traditionally doomed to fail (most start ups in general) 2. Easy to replicate business model: all you need is cash and real estate 3. Prone to big losses due to recession: when this happens, that's pretty much the end of wework
these things are popin up like fireworks in the Dominican republic with crazy numbers like 3600 USD for 20 sq. meters. I give each one less than a year to fail.
The second and third problems are not crucial, they are pretty common in many other industries and business models. The first one could be managed if they were not such greedy.. Still nice business model.. There was a real value to it, just not this big..
Brilliant video and it's gonna be a brilliant series! I am getting the idea that WeWork was a good concept but was executed corruptedly. Another day another founder would have made it a phenomenal unicorn
that's friggin hilarious "physical social network". That's like saying the barista gave me a physical smiley face this morning when I ordered my coffee.
Great video! Caya please do educate us on Conflict of Interest stuff. It's easy to pull off an Adam act in situations where you have financial influence in the company
Bloomberg did one on this, there is another similar sized company called IWG IIRC. Their valuation is only a fraction of weworks. It's like the answer was there all the time if anyone bother to do due diligence.
Always high quality content, as usual. I admire the way you market your own platform through these videos, in such a way that it creates real value for us as the consumer.
Instead of saying tech companies typically have high margins it might be more accurate to say that tech companies have high fixed costs and low variable costs. You can spend a lot of money producing a software disaster. You can spend a moderate amount of money producing a software hit.
I was an avid consumer of Techcrunch news, you guys are doing a 10 times better job. This is literally the quality I wanna deliver on Edgy's videos going forward. Thx so much for the inspiration Caya! ;)
Love this story. Love seeing these corrupt dog & pony shows get squashed, including the "know it all" VCs who fell for their BS. Looks good on all of them. Gives hope to startups who struggle through doing things ethically.
Hi Caya, thank you for this new series. I love the idea of having video case studies on startups. If you don't mind, I'd like to suggest you check out some of the videos in the Case Studies series by Valuetainment on RU-vid. Something they had there that I think would be great to have on this series as well is a way to see the main points/events in a timeline or dashboard that lets us see at a glance the story you're telling as you make your analysis. It's a little bit hard to keep all the numbers or other details in mind if they are only displayed for a few seconds on the video before fading off. Just an idea. I hope you give it some thought. Thanks again for all your contributions to the founders community.
Its easy to fool people when they're already fooling themselves - Jake Gyllenhaal aka Mysterio Neumann emerged as the winner. Masa pumped in more just to save his face, he's the loser. Welcome to Silicon Valley. Inflated valuations with questionable value
Great videos for startups and until now my business is ultimately changing because of your videos. I'm gonna start a big leap at a start of 2020 for my business by providing an App as well, I will update in a later comment the status of my business if you would like to know. Thanks
@@cayahere Great - then stay tuned until your next video. I'm not in a hurry to show you all the progress at once. Like your videos step by step 😉 and I hope you will like it.
This video is great funny how with some charisma and calling your company a tech company you can raise a lot of money. The series is a great idea to cant wait to see more!
Uber went from reported 120 billion valuation to going public at 77 billion then current valuation 50 billion Lyft went IPO at 24 billion, now has valuation of 8 billion.
Bro, you did a very good job because you’re looking at WeWork for what it is...as a commercial rental/subleasing property management company. WeWork is amazing at branding itself, designing spaces, and marketing to get people subleasing. Then used the “tech startup world” to get high valuation and liquid investment. Very impressed by your analysis. Better than anything on TV. Subscribed to show support!