The biggest tech challenge they have is figuring out how many conferences rooms to build out per X number of offices.
Not enough, and you have a huge queue to use them, too many and you have lost office space rental.
Outside of that there isn't much tech to go around.
We used them before they were WeWork, when they were still GreenDesk in Dumbo.
Overall it was great, and it's a great product given the flexibility and move in ready amenities that it provides and if you ever step foot inside of Regus you will immediately notice the difference.
Though now there is a lot of competition from smaller companies and of course I'm sure Regus has stepped up their game in response.
Their growth is amazing, but ultimately it's still a real estate holding company. The same is true for E-commerce. Though their volume is immense, they trade no where near their multiples for revenue as other tech companies given the different margins they have, cyclical sales cycles, and many other factors that make that sector much less attractive than a pure software play in the B2B space.
But looks like we will see how this all plays out.
Really the exposure that Softbank has here is the real worrying issue. It's a massive stake, at a massive valuation, and if this IPO doesn't perform well (and most people think it won't), this maybe a real red blot on their performance.
> The biggest tech challenge they have is figuring out how many conferences rooms to build out per X number of offices.
How is that a tech challenge?
The only actual tech they have is their swipe card access and room/desk booking systems
They might use some tech internally to optimise certain aspects of their business, but that would be like calling a coffee shop that does their finances in Excel a tech company
Not enough, and you have a huge queue to use them, too many and you have lost office space rental.
Outside of that there isn't much tech to go around.
We used them before they were WeWork, when they were still GreenDesk in Dumbo.
Overall it was great, and it's a great product given the flexibility and move in ready amenities that it provides and if you ever step foot inside of Regus you will immediately notice the difference.
Though now there is a lot of competition from smaller companies and of course I'm sure Regus has stepped up their game in response.
Their growth is amazing, but ultimately it's still a real estate holding company. The same is true for E-commerce. Though their volume is immense, they trade no where near their multiples for revenue as other tech companies given the different margins they have, cyclical sales cycles, and many other factors that make that sector much less attractive than a pure software play in the B2B space.
But looks like we will see how this all plays out.
Really the exposure that Softbank has here is the real worrying issue. It's a massive stake, at a massive valuation, and if this IPO doesn't perform well (and most people think it won't), this maybe a real red blot on their performance.