Much more similar to private equity financing / bank loans, as opposed to traditional VC investment.
WeWork needs lots of upfront capital to cover security deposits, build out spaces (tenant improvements), prove enough assets to take 250k sq. ft. at a time for 15 year terms, etc.
Lots of coworking spaces have raised significant 6, 7, or 8 figure sums (WeWork definitely getting more than most), that mostly fly under the radar in terms of "companies that raise huge amounts of capital."
WeWork needs lots of upfront capital to cover security deposits, build out spaces (tenant improvements), prove enough assets to take 250k sq. ft. at a time for 15 year terms, etc.
Lots of coworking spaces have raised significant 6, 7, or 8 figure sums (WeWork definitely getting more than most), that mostly fly under the radar in terms of "companies that raise huge amounts of capital."