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The main difference is not amenities or marketing but the fact that a large percentage of WeWork's customers (my company included) are paying rent with VC money. Up to 90% of their customers will go out of business. Not a super stable customer base.

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The companies will keep coming and going. As long as there is a steady stream of startups being funded in SV, WeWork should do fine. In fact, they make it much easier for the startups to bootstrap and focus on their business problem, rather than worrying about the logistics.

Ready to have your mind blown? SV is not the only place where businesses exist. WeWork has 14 locations in the SF area and 44 locations in NYC. I work in one in NYC, and I bet only a handful of the businesses in the building are VC funded. They'll do just fine because tech isn't their only source of income.

Everyone wants to strike startup gold, so selling shovels seems like a decent idea to me.

True, the customer base isn’t stable... but there’s a founder born every second, if you know what I mean.

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