This is really good news for actual real players in the coworking space. Being disruptive with venture money conceivably helps new offerings along, but in this case it was never anything but a massive fraud that distorted the entire market.
The WeWork product is fantastic and I’ve tried all alternatives. I’m in a different city basically every week and if they go under or stop being basically the same I’ll seriously mourn the loss.
It’s that WeWork is SO MUCH better run. The keycards work the website works and has current accurate information and so on.
Regus/Spaces makes the DMV look like an elite customer service organization. The second time you book on their app and end up at a building under construction you’ll say the same.
Things that have happened to me at Regus:
1. Asking the floor manager to practice his singing more quietly across the hall (seriously) 2. The rep supposed to be giving the tour forgetting to turn up and calling me several hours later to apologize 3. Someone loudly telepreaching from the next room every day in the style of shouting
https://www.regus.com/en-us/united-states
There is also codi and several others
As a former coffee-shopper, I can definitely tell you the experience working from there vs a coworking space such as wework is night and day. It might be fine if you manage to find a good coffee shop and consistently abuse their space, but doing that in random new locations is tough.