4 ms·
I think your argument is a little flawed since all it says is (10 year old + billions spent = failure) when in fact, there have been companies that have survive
by Gpetrium 7y ago
I think your argument is a little flawed since all it says is (10 year old + billions spent = failure) when in fact, there have been companies that have survived for close to a decade under dismal conditions only to resurface as a giant, look at Apple for example.
- rchaud 7y agoMost IPOs don't have a chance in hell of being Apple, so I'm OK with a partially flawed approach to investing. Also, Apple's problem periods all occurred when they were publicly traded, so there wasn't the same disconnect there will be between WeWork's private $47b valuation vs. the value the market puts on the publicly traded chunk of equities. We've already seen this with Snap, Lyft and Pinterest. WeWork's losses dwarf them both at this stage and unlike them, only WeWork has billions of dollars in long-term lease liabilities.