Show HN: Chrome extension for team convos and knowledge sharing on any webpage
chrome.google.com3 pointsby alphast0rm2 comments
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> Uber, meanwhile, has long been mentioned in the same breath as Airbnb, and for good reason: it checks most of the same boxes: So what about companies like WeWork and Peloton that interact with the real world? Note the centrality of software in all of these characteristics:
- Software creates ecosystems.
- Software has zero marginal costs.
- Software improves over time.
- Software offers infinite leverage.
- Software enables zero transaction costs.
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- WeWork claims it has a software-created ecosystem that connect companies and employees across locations, but it is difficult to find evidence that this is a driving factor for WeWork’s business.
- WeWork pays a huge percentage of its revenue in rent.
- WeWork’s offering certainly has the potential to improve over time.
- WeWork is limited by the number of locations it builds out.
- WeWork requires a consultation for even a one-person rental, and relies heavily on brokers for larger businesses.
Frankly, it is hard to see how WeWork is a tech company in any way.
[1] https://stratechery.com/2019/what-is-a-tech-company/ Gross cash: $6.4 billion in unrestricted cash ($4.8 billion at end of Q3 2018, $4.4 billon in Q4 2017)
[1] https://techcrunch.com/2019/02/15/uber-reports-3b-in-q4-reve...
[1] https://ethereum.org/
[2] https://stablecoinstats.com/