Jacob, this is great. Love the storytelling, the behind-the-scenes, and the analysis. Looks like a solid contender, once they reach scale. I just signed up, so thanks for the exposure, too! Hadn't heard of this one yet.
This is gold. Super engaging, and you’ve convinced me this is going to be a huge company. Any PM jobs lol? And love this 2 part format you’ve got going here -- keen for more ✌️
Christiansen was always puzzled by apple because they defied his theory of disruption. He did attribute in part I believe to UX. How is this different from hotel chains their own the real estate, like Hyatt and definitely Marriott. Second is iPhone profits are through the roof per unit sold. How comparable is that with Wander?
As far as UX goes, the difference between Wander and Hyatt seems to be in the level of execution. Single-family homes are a very different experience from hotel rooms. Plus the attention to detail is much higher. Haven’t found a hotel chain offering a Tesla (or any vehicle for that matter) to their guests.
As far as profits go, I’m not sure what Wander’s are. Would be interested to know though!
Hyatt actually purchased boutique places. I have stayed at some luxury spaces which are mini villas and they are also offered as residences. Hyatt’s luxury brands I think like Destination have that. I am not sure the distinction of calling Hyatt just hotel rooms is quite accurate. I have stayed at their Hyatt brands that were multi bedroom suites that were as big as a smallish home in San Francisco so not sure that distinction can really be made in terms of UX.
Tesla in the garage certainly is good. I have been at places where they offer a Lexus. But if Tesla is in fact a differentiator it seems replicable.
They basically have to pay out at a competitive rate to investors looking for yield to compete with comparable REITs. iPhone actually can or did leverage geo-arbitrage as their cost advantage.
I think your analysis asking about ultimate price points is interesting. In apples world where their market share is small but they captured all high end consumers it seems viable. It’s a second purchase that allows owners to continually play status games.
An ephemeral experience like a home however seems harder to play status games.
Very interesting! I haven't had the pleasure of experiencing Hyatt's luxury brands - sounds dope.
While we can look at Apple's playbook as a way to position Wander in the market, we can't really compare margins or profits because they're such different products. Apple can optimize for margin per unit, but legally, Wander has to payout 90% of profits back to the shareholders in the REIT which is obviously a very different product (and business model) than Apple offers.
But ultimately, I think they're playing a similar game like you mentioned - the status games. And that's where we can look to Apple as an example I think.
Jacob, this is great. Love the storytelling, the behind-the-scenes, and the analysis. Looks like a solid contender, once they reach scale. I just signed up, so thanks for the exposure, too! Hadn't heard of this one yet.
Thanks for reading Paul! Glad you enjoyed :)
This is gold. Super engaging, and you’ve convinced me this is going to be a huge company. Any PM jobs lol? And love this 2 part format you’ve got going here -- keen for more ✌️
Thank you bro 🙏 haha I know right?? Crazy cool company.
More coming soon ;)
Christiansen was always puzzled by apple because they defied his theory of disruption. He did attribute in part I believe to UX. How is this different from hotel chains their own the real estate, like Hyatt and definitely Marriott. Second is iPhone profits are through the roof per unit sold. How comparable is that with Wander?
As far as UX goes, the difference between Wander and Hyatt seems to be in the level of execution. Single-family homes are a very different experience from hotel rooms. Plus the attention to detail is much higher. Haven’t found a hotel chain offering a Tesla (or any vehicle for that matter) to their guests.
As far as profits go, I’m not sure what Wander’s are. Would be interested to know though!
Hyatt actually purchased boutique places. I have stayed at some luxury spaces which are mini villas and they are also offered as residences. Hyatt’s luxury brands I think like Destination have that. I am not sure the distinction of calling Hyatt just hotel rooms is quite accurate. I have stayed at their Hyatt brands that were multi bedroom suites that were as big as a smallish home in San Francisco so not sure that distinction can really be made in terms of UX.
Tesla in the garage certainly is good. I have been at places where they offer a Lexus. But if Tesla is in fact a differentiator it seems replicable.
They basically have to pay out at a competitive rate to investors looking for yield to compete with comparable REITs. iPhone actually can or did leverage geo-arbitrage as their cost advantage.
I think your analysis asking about ultimate price points is interesting. In apples world where their market share is small but they captured all high end consumers it seems viable. It’s a second purchase that allows owners to continually play status games.
An ephemeral experience like a home however seems harder to play status games.
Very interesting! I haven't had the pleasure of experiencing Hyatt's luxury brands - sounds dope.
While we can look at Apple's playbook as a way to position Wander in the market, we can't really compare margins or profits because they're such different products. Apple can optimize for margin per unit, but legally, Wander has to payout 90% of profits back to the shareholders in the REIT which is obviously a very different product (and business model) than Apple offers.
But ultimately, I think they're playing a similar game like you mentioned - the status games. And that's where we can look to Apple as an example I think.