Hot on the heels of a $400m funding round, Amol Sarva, CEO of flexible office provider Knotel, said WeWork was pursuing the wrong strategy. Sarva compared the co-workspace provider to eBay and Myspace, saying that despite being early to the trend, WeWork would fail to capitalise on it, highlighting that eBay was worth twice as much as Amazon in 2005 but lost ground fast by focusing on wackier things. “They’ve got an awful lot of money invested into this thing – it’s not going to be able to grow at all if they don’t get their act together,” he said. He questioned the value of the office space giant, which has lost more than $900bn this year alone, saying it could go public at "easily half ’s members are enterprise clients, despite 90% of the office market being enterprise he said.
Hot on the heels of a $400m funding round, Amol Sarva, CEO of flexible office provider Knotel, said WeWork was pursuing the wrong strategy. Sarva compared the co-workspace provider to eBay and Myspace, saying that despite being early to the trend, WeWork would fail to capitalise on it, highlighting that eBay was worth twice as much as Amazon in 2005 but lost ground fast by focusing on wackier things. “They’ve got an awful lot of money invested into this thing – it’s not going to be able to grow at all if they don’t get their act together,” he said. ’s members are enterprise clients, despite 90% of the office market being enterprise he said.