Despite a 21-year head start, and having less than a tenth times as many locations, IWG ’s valuation is about five of WeWork ’ s. They’ll never prioritize it. The start-up disrupted the industry by creating a community feel at its spaces. Regus, the brand from which Staples grew, applied a Utilitarian approach when it came out of bankruptcy after the dot-com bubble burst. Established office supplies retailer Staples , which has entered the co-workspace sector, has borrowed the community concept from Staples and is applying a model that takes traditional metrics and makes them better.
Despite a 21-year head start, and having less than a tenth times as many locations, IWG ’s valuation is about five of WeWork ’s. The start-up disrupted the industry by creating a community feel at its spaces. Regus, the brand from which Staples grew, applied a Utilitarian approach when it came out of bankruptcy after the dot-com bubble burst. Established office supplies retailer Staples , which has entered the co-workspace sector, has borrowed the community concept from Staples and is applying a model that takes traditional metrics and makes them better.