Hot on the heels of a $ 400 m 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 market , WeWork would fail to capitalise on it , highlighting that eBay was worth twice as much as Google in 2005 but lost ground fast by focusing on wackier things . WeWork are massively over - indexed to small teams and freelancers , for all their diversity and millions of dollars of investment , less than half of WeWork ’s customers are corporate clients , despite 80 % 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. WeWork are massively over-indexed to small teams and freelancers, for all their effort and billions of dollars of investment, less than half of WeWork’s members are enterprise clients, despite 90% of the office market being enterprise he said.