It's more like "disrupting the market". The problem is that it's a whole market.
Uber just now turned its first profit since 2009, and I would wager that if not for the newly found appreciation of efficiency and austerity, it would still be burning through money like a drunken socialist sailor.
Classic approach required basic math. "Here is my investment, here is what I am going to charge for rent". You actually can figure out when your investment starts paying off.
This new "model" requires tall, loud, truth-massaging founders to "charm" VCs into giving away billions, with the promise of trillions, I guess. The founders do talk about conquering the world, like, a lot.
I do not know what the WeWork investors were thinking when they expected standard real estate to "10x" their money while the tenants were drinking free beer on tap. The whole thing screamed "scam" even to a lay-person.
Uber just now turned its first profit since 2009, and I would wager that if not for the newly found appreciation of efficiency and austerity, it would still be burning through money like a drunken socialist sailor.
Classic approach required basic math. "Here is my investment, here is what I am going to charge for rent". You actually can figure out when your investment starts paying off.
This new "model" requires tall, loud, truth-massaging founders to "charm" VCs into giving away billions, with the promise of trillions, I guess. The founders do talk about conquering the world, like, a lot.
I do not know what the WeWork investors were thinking when they expected standard real estate to "10x" their money while the tenants were drinking free beer on tap. The whole thing screamed "scam" even to a lay-person.