Whatever lesson WeWork should teach, it doesn't seem to have done much
After WeWork exploded At least allegedly there was a change of mood among investors and founders. Gone are the days of simple nine-figure rounds, expensive growth, negative unity economics and the rest of the surplus that Startupland has enjoyed over the past half decade.
I suspected that within this alleged mood shift, optimism waned; Venture capitalists and entrepreneurs would certainly change their behavior within this new paradigm.
But they don't have it through some measures. I expected startups to do more conservatively nearby Reviews in the Post-WeWork World since their leaders would aim to raise a little less and a little more conservatively, and investors would have less starry eyes at the prices they were willing to pay for startup stocks.
It was all wrong, it turns out. A recent report by Fenwick and West, a law firm that works with technology companies, paints an image that is exactly the opposite of what we expected.
Maybe we shouldn't be surprised. Our latest reporting hardly describes a market that is slowing down. For example, Boston has a good start to the year. SaaS also looks healthy from a venture capital perspective. Cloud stocks are at their highest and One Medical is still defying gravity as a public stock. Whatever lesson WeWork should teach, it doesn't seem to have had much of an impact.
Let us examine the Fenwick data and then ask if we can see anywhere where the markets are behaving, like the chaste children we have learned to take over.