WeWork was a good startup idea with bad financing model
It turns out raising $22 billion in venture capital ruined everything. Today, it's worth $0.
But there is probably a world where you can create a bootstrapped, WeWork competitor that prints money.
How I'd do it:
1. Focus on profitable locations, not being in every country
2. Focus on a vertical of professionals, not everyone (creators, videographers, designers...)
2. Build cash-flowing vertical SaaS as part of the monthly fee (to get those SaaS multiples)
There are plenty of good startup ideas that were just financed badly...
Read 49 replies on XA bootstrapped, profitable WeWork competitor
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