Vulcan Post
“James Tan, Managing Partner at Quest Ventures, shares the view that coworking is not just a fad or trend that will fizzle out despite WeWork’s current struggles.
In fact, he says the idea of “placing people from different companies to work together in the same environment is not new”.
Before WeWork, there were already companies like Regus (now IWG), founded in 1989 in Belgium, and Australian Servcorp, operating since 1978, which have both provided shared office spaces.
“What changed with new entrants such as WeWork was their self-positioning as technology startups thereby commanding tech-level type of growth and valuations,” James Tan, Managing Partner, Quest Ventures””.
