"The demand for this type of product, I see it as insatiable," said Poleg. "I still think that there is a huge gap between what landlords offer and what tenants want, whether it's the flexibility or the service mentality."
"Now, I see no reason that in five years, why there wouldn't be a $40 billion or $50 billion company—a branded office provider, the first of its kind.
New Management
As part of Softbank's rescue package, then-CEO Adam Neumann was to step down as CEO. Neumann's hasty and global expansion of the company resulted in its cash crunch.Despite its optimistic expansion, ultimately, the climate changed, and investors doubted WeWork's $47 billion valuation. WeWork then abandoned its highly-anticipated Initial Price Offering.
Marcelo Claure, Chief Executive Officer at Softbank, is now the company's Executive Chairman. However, it was under Son's guidance that Neumann expanded at such a pace.
Nonetheless, Poleg said there a few things Claure can do to make WeWork profitable again, such as slowing down expansion. He said the company may look like it continues to expand for a while because of leases it signed before its bailout.
Poleg underlined the way WeWork uses technology.
"WeWork is not a software company, but it does use technology extensively, and it does use it in ways that can help it make more money or achieve better margins than traditional real estate landlords, and that's something WeWork should be very careful not to lose," he said.