VG personally handles all inquiries. The best way to reach him is his email address. Only as a backup, use VG’s cell phone: 603-289-0007.
This article ran in HBR China's print edition, June 2020.
Last week, WeWork, the coworking space now known as The We Company, released its S-1 filing to go public. That spurred numerous concerns about the company’s large valuation ($47 billion at last count), given its hefty losses ($1.6 billion on revenues of $1.8 billion) and despite its rapid growth (86% year-over-year revenue growth). It also renewed questions about WeWork’s claims of being a tech company (the word “technology” appears 110 times in its prospectus) and about whether it’s worth a tech-type high valuation. Pundits have long argued that it is not a tech company, but a modern-day real estate company — purchasing long-term leases from landlords and renting them out as short-term leases to tenants. Many have also argued that WeWork does not deserve the large EBITDA-based (earnings before interest, depreciation, and taxes) valuation multiple that is often ascribed to tech companies.
Read the rest of the post on Harvard Business Review.