"I lost my access card"... Companies basically have an entire division to support that issue. So Waltz turned the access card into a QR Code in a free app on your phone, and WeWork just bought it. We're seeing a trend from the $47B valued private co-working pioneer that's expected to IPO this year or next.
It's called "The We Company" technically... but it's popping out its credit card to acquire office tech startups. Here are two of the 10+ acquisitions The We Company has made since 2017:
- Teem: The software companies stick in an iPad to greet visitors (and capture your NDA signature) and to book conference rooms.
- Euclid: Named after the founder of geometry, Euclid offers "workplace insights". It basically watches how worker bees move around the office and it offers productivity-boosting office layout tweaks.
WeWork two different ways... People spend about a quarter of their life hacking away in an office. So WeWork is getting ready to show public investors its 2 money-making work strategies:
- Its own office buildings: WeWork leases gigantic towers, WeWork-ifies them with standing desks, snacks, and colorful lounge areas, and rakes in rent from tenants.
- Clients' office buildings: WeWork's also a consultant, using Teem, Euclid, and Waltz to WeWork-ify your company's space, then collect consulting fees.
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