And one more thing — when the alleged bubble bursts, and all those startups on short-term WeWork memberships go bust, WeWork will be saddled with long-term leases and forced to give away whatever premium it had hoped to charge. That, critics argue, isn’t anything close to a $10 billion company.
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But it turns out this is not the case, a WeWork spokesperson tells us. Only a tiny fraction of WeWork clients are other tech startups:
Venture capital backed companies only make up mid-single digit of total population of our WeWork member companies. The membership is very diversified across multiple industries and our fastest growing segment is larger, more mature companies who have joined for the value proposition of more affordable space, community, network, and flexibility — as well as services (healthcare, payment processing, etc.).
This is interesting news, because we now know that WeWork is not dependent on tech VC funding. And the WSJ said the company was profitable, which also bodes well.
Stop breadboarding and soldering – start making immediately! Adafruit’s Circuit Playground is jam-packed with LEDs, sensors, buttons, alligator clip pads and more. Build projects with Circuit Playground in a few minutes with the drag-and-drop MakeCode programming site, learn computer science using the CS Discoveries class on code.org, jump into CircuitPython to learn Python and hardware together, TinyGO, or even use the Arduino IDE. Circuit Playground Express is the newest and best Circuit Playground board, with support for CircuitPython, MakeCode, and Arduino. It has a powerful processor, 10 NeoPixels, mini speaker, InfraRed receive and transmit, two buttons, a switch, 14 alligator clip pads, and lots of sensors: capacitive touch, IR proximity, temperature, light, motion and sound. A whole wide world of electronics and coding is waiting for you, and it fits in the palm of your hand.
Have an amazing project to share? The Electronics Show and Tell is every Wednesday at 7:30pm ET! To join, head over to YouTube and check out the show’s live chat – we’ll post the link there.
