Why millennials are paying to live in shared spaces like WeLive
This piece first aired on Oct. 12, 2016, on VICE News Tonight on HBO.
The co-working startup WeWork, known to millennials as the company providing rentable full-service offices with free-flowing snacks and beer, is now expanding to fully furnished apartments with the same communal feel, dubbed “WeLive.”
VICE News reporter Nellie Bowles spoke with Nicholas Lulli, 25, a vice president at a social networking startup, SumZero, based in New York City. Lulli works in a WeWork office and lives in a WeLive apartment.
“You have Sunday-night family dinner at WeLive followed by Monday-morning breakfast at WeWork,” said Lulli. “It never ends. The WeWork circle of life is what it becomes.”
There are now over 90 WeWork offices across the globe and two WeLive apartment buildings — one in Washington, D.C., and the other in New York. Part of the broader trend in fast-growing startups, WeWork is valued at $16 billion.