WeWork is just a gamble on real estate. There are probably instruments with very similar upside and risk as WeWork.
VCs, probably not familiar with the world of real estate, aren't able to see this. They think they're investing in something new, but it's really the same old stuff in a new package that they're paying a premium for.
VCs, probably not familiar with the world of real estate, aren't able to see this. They think they're investing in something new, but it's really the same old stuff in a new package that they're paying a premium for.