Hot on the heels of a $400m funding round, Knotel , CEO of flexible office provider Amol Sarva , said WeWork was pursuing the wrong strategy. "That has reversed entirely. 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 $400m of investment, fifty of WeWork ’s members are enterprise clients, despite 90% of the office market being enterprise he said.
Hot on the heels of a $400m funding round, Knotel , CEO of flexible office provider Amol Sarva , 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 $400m of investment, fifty of WeWork ’s members are enterprise clients, despite 90% of the office market being enterprise he said.