The 15 year old internet behemoth that has been bringing people physically together was acquired by this freshman unicorn for a modest payment of $200 million. Looking at The other acquisitions that wework has made. it has taken services of content, context and infrastructure and made it accessible to everyone for a subscription. From the common man to the enterprise.
The significance of this acquisition cannot be underestimated or misunderstood.
The impact that the coworking industry is having on business cannot be trivialized. While WeWork nas morphed fast and furiously into a gargantuan being. The beneficiaries of offerings from the likes of WeWork or a WorkSocial are the same. Small to large sized businesses sharing costs on a pay as you go model, splitting hard costs and sharing soft costs all the while creating a community based on a common set of beliefs and values.
From a financial standpoint, Wework just wrote a $200m check to acquire meetup after paying for a ton for real estate in NYC. This tells us something mor. The coworking industry is poised for another spurt of change and growth. As a landlord or as a businesses if you are resisting this change you should not instead you should partner with coworking space. Think about the how much more you can get. At WorkSocial we offer 1gb up and down internet speed. If you were to get that for a self managed office I doubt it would be a financially sound decision. In sharing system it becomes logical and totally affordable (its free)
The power of a community and sharing is vastly undervalued and highly misunderstood. Welcome to the connected economy.
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