WeWork’s planned IPO has been described as a watershed moment for the industry, and may provide some transparency around its dynamics and sustainability. Its competitors and investors in the sector will be scrutinising its S-1 filing for details of its churn rate, occupancy rate and the structure of its real estate deals, according to VC . Venky Ganesan , a partner at Menlo Ventures firm VC , is interested to learn about how many people they pack into each office, speculating that their model is based on 200 to 250 square feet ft per person, 500 the norm. "I'm going to look at the churn rate of their contracts, how often are people staying and leaving, the size of their customer base, and the density of how they're packing people in. Ganesan also wants to know about their non-lease revenue, believing it is key to them becoming profitable.
WeWork’s planned IPO has been described as a watershed moment for the industry, and may provide some transparency around its dynamics and sustainability. Its competitors and investors in the sector will be scrutinising its S-1 filing for details of its churn rate, occupancy rate and the structure of its real estate deals, according to VC . Venky Ganesan , a partner at Menlo Ventures firm VC , is interested to learn about how many people they pack into each office, speculating that their model is based on 200 to 250 square feet ft per person, 500 the norm. Ganesan also wants to know about their non-lease revenue, believing it is key to them becoming profitable.