WeWork's business model makes as much sense as the startup that charged $27 for $20 in change
Washboard existed for only six days. But unlike WeWork, it was profitable – and its founders knew when to give upThe summer of 2014 was a heady time in Silicon Valley. Cash was flowing as freely as Soylent as every Stanford graduate with a half-baked idea about a “pinch point” and a semi-plausible pitch book was lining up checks from venture capital firms. Into this mix came Washboard, a startup so utterly absurd that most of the news outlets that wrote about it (and boy did th
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