To hire an entrepreneur to rent an office: WeWork 5 Billion dollar valuation

WeWork Sina Science and technology news Beijing time December 17 morning, the office space leasing start-up company in New York WeWork completed a round of $355 million trillion in financing this week. The company was valued at $5 billion for the round. WeWork for entrepreneurs around the United States to rent office space. For an office leasing company, the 5 billion-dollar valuation is surprising. However, WeWork combines real estate with technology to create a "shared economy" model that will easily win investors ' favor. Previously, companies such as Uber and Airbnb have been successful in using the model of sharing the economy, impacting taxis and hotels, and winning very high valuations. WeWork currently offers office space leases in 8 U.S. cities, and more cities will be covered in the future. Recently, the company also launched its own social network WeWork Commons. This social network is similar to LinkedIn, offering business social services, but focusing on early-stage entrepreneurs, providing them with office space information, preferential services, and information on local activities. WeWork Chief Product Officer Cacourt Slivastava (Kakul Srivastava) said that when WeWork Commons was launched, the goal was to aggregate all users who were queuing up for wework office space. "We can't develop our physical sites fast enough," she says. We find that there is a greater demand than we can offer. "The company now has enough money to get office space. WeWork co-founder Adam Newman Adam Nuewmann said: "We need office buildings, it's like Uber need a car, Airbnb needs an apartment." "However, WeWork's business model is riskier than Uber and Airbnb. Uber and Airbnb are actually market platforms for independent drivers and apartment owners, but WeWork need to rent their own office space and sublet them. It seems, however, that the model is working well. Because of the current good financing environment for American startups, many entrepreneurs leasing WeWork offices are also able to finance the costs of high-end offices. So for WeWork, the question is, what happens if entrepreneurs are hard to raise and even bust? (Lili)