inc.com

Beyond amassing megabucks, the Webvan entrepreneurs seemed to do everything right. Backed by experienced venture-capital investors, the company raced to build vast automated warehouses and bought fleets of delivery trucks while building an easy-to-use website. Webvan hired a seasoned CEO from the consulting industry. What’s more, most initial custo

When critics asked Adam how his business would fare in a recession like the one that felled Regus, his response was much the same as the one Dixon had offered without success: big companies will downsize into WeWork, while laid-off freelancers will look for something beyond a home office.

Keeping expenses low was key to WeWork’s model,