WeWork Commons
WeWork is a company that offers co-working spaces for start-ups and freelancers in 30 locations around the United States, Europe, and Israel that is valued at $1.5 billion.
Today, WeWork has expanded its operations with a new social network called WeWork Commons, whose objective is to take the physical co-working spaces to anyone and anywhere. The social network membership costs $45/month and allows entrepreneurs and tech workers:
- Share stories and advice with one another,
- Find local events,
- Rent workspace,
- And, have access to discounted business services (health insurance, gym membership, web hosting, and more).
The concept of a co-working space is a neat idea, however, I think that a $45/month membership is a bit steep, especially for start-ups. Moreover, WeWork Commons is a place for getting advice and assistance, which means that once members have become more established, they may no longer need WeWork Commons. This will result in short-term memberships, which may affect WeWork Commons’ expected memberships of 14,000 to 46,000 over the next year.
Wired, states that WeWork Commons could potentially rival LinkedIn, “except it might actually be useful.“ LinkedIn is viewed as a recruiting tool, as people’s profiles are set up like online resumes. On the other hand WeWork Commons is designed to be a small community of people who share insights with one another. People are already calling WeWork Commons the anit-LinkedIn, what do you think?