I suspect that they've raised $700M because Travis Kalanick is involved. Uber made a lot of people rich, and some of those people would certainly be interested in investing w/ Travis again.
I mean it does seem like a good opportunity. Renting a kitchen or even cooking out of your own kitchen seems like a way to bootstrap to success. I remember hearing/reading an NPR "how I made it" about Stacy's Pita chips and she basically followed this path. Here Travis seems have learned from WeWork to own the real estate and rent out the kitchen as well. It seems like a win-win.
Looks like an excellent opportunity. Real estate is not getting cheaper. I believe they are based in LA, so when I'm ready to move out there guaranteed I'll be applying there. :)
It's interesting that he has apparently faced no consequences within the Silicon Valley community for creating a toxic corporate culture rife with sexual harassment and threatening behavior. (Just one example of many: https://time.com/5023287/uber-threatened-journalist-sarah-la...)
For those of you who don't get that reference because you actually work in Silicon Valley and can't stand to watch the HBO comedy of the same name because it's too much like daily
life: