Matthew Watson - Founder
17 Aug 2023
Reflecting on the latest developments at Hopin and WeWork, it's disheartening to witness.
Hopin, once propelled by the pandemic-induced excitement, rapidly expanded its horizons. However, the strategy of overpaying engineers with grand promises of scalability has proven unsustainable. The journey from a staggering $7.75 billion Series D valuation in August 2021 to a mere $15 million sale within two years is truly perplexing.
WeWork, a true trailblazer in its domain, once boasted an unparalleled product/service that stood out in the market. Regrettably, recent times have seen a decline in service quality and offerings, seemingly due to cost-cutting measures...Who else found themselves less than impressed by the presence of orange ping-pong balls and lacklustre beer?
Let's hope for a revival of the visionary essence that defined these companies.