Is it correct to think of the office as a discretionary cost? It's not that simple.. In this market where companies are focused on cutting burn and extending runway, this question keeps coming up. https://t.co/YBapVkaG51

Friday: "Higher than Cursor, between S and A"

Access to natural beauty is limited. Love this connection of hospitality and outdoor activities.

8/ @mattgiffune, @alexlofton, @occupierhq, @LandedHomes,@versatileai, @meirav_oren, Christine Wendell, Pronto Housing

7/ See post below for more thoughts on the subject from founders.

6/ Will the best cohort of companies started in 2022 be in real life or remote first? Will it matter?

5/ Once you pick a strategy between remote vs office first, it is challenging to change it later.

4/ Stage of company matters. Early stage companies see a lot of value with in-person collaboration around brainstorming on product features, customer implementation, R&D and innovation more broadly.

3/ There are many successful companies with an in-office playbook when it comes to culture. When it comes to remote-first, there are fewer today, which means more work on the leadership team to create one.

2/ Is the office now considered a discretionary expense? This is a dangerous and short-term view in my opinion. The office is a tool in a company’s broader strategy. If considered strategic, it is not therefore discretionary.

1/ Founders are focused on extending runway and cutting their burn, which means reassessing the major operating costs of the business.

The current market conditions are impacting how companies are thinking about opening the office. 🧵

Lightening round of career advice: @Mike_Furlong30 "everything is sales" @MicheKilloran "texting > email in relationship building" @GarrettLord "a great manager (who invests in your growth) is predictive of a great career" Me "invest in building your professional community"

STATE of PROPTECH + Venture Capital ⚡️@konswenton @s_afiaziz @MicheKilloran⚡️ JoinUs July 26th! SignUp -> https://t.co/Oa41sBiWnZ

10/ I love numbers and looking at models so if you have any questions on future topics I can cover let me know.

9/ As a VC with an accounting background, when I look at the financial statements, I’m looking for the full story and that includes: revenue growth, gross margin, net dollar retention and capital needed to get to break even one day.

8/ Across all tech, this down market is going to create more discipline around how we talk about revenue.

7/ More subscription based revenue makes a lot of sense in the mortgage technology world where volumes (specifically refinancing) is dropping off due to rising interest rates. That’s going to make this revenue more appealing because it’s easier to predict.

6/ In this market, software oriented revenue will continue to be valued at the highest premium across these categories – and rightly so. It is also recurring vs transactional (which in a cyclical industry like real estate is a better play).

5/ Therefore, when we look at businesses at WeWork, all the focus on revenue tells a half truth. From an accounting perspective, these may all qualify as revenue, but when looking a level deeper, it all shouldn’t be valued the same.