#90 WeWork - Business Design Teardown
When is a real estate business not a real estate business? When it declares its mission to "elevate the world's consciousness", brands itself a tech company, and promises to blur the line between work and life through beautifully designed spaces.
Yes, we're talking about WeWork in the latest Business Design Teardown.
With its lofty promises to deliver not just a desk, but a dynamic, community-driven environment, WeWork swept the globe at an unprecedented speed. This meteoric rise was fuelled by eye-watering investments, inflated valuations, and a well-documented fall from grace.
In this episode, Alen, Franz, and Tom grab their hot desks, refill their complimentary coffee, and cast a critical eye on…
How WeWork’s business model disrupted traditional commercial real estate
The economics of co-working: is it a business worth being in?
How WeWork's new leadership steadied the ship toward sustainability
Why the Sunk Cost Fallacy could be the only reason WeWork is still in business!
So settle into your hot desk, put those headphones on, and prepare for a deep dive into the wild story of WeWork.