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There's an interview to Neumann by BI where he talks about that exact same thing. Makes one wonder if they're betting it all on a recession for things to "work"
by cherrypepsi 7y ago
There's an interview to Neumann by BI where he talks about that exact same thing. Makes one wonder if they're betting it all on a recession for things to "work" (heh)
The interview, soft paywall: https://www.businessinsider.com/wework-ceo-adam-neumann-business-model-softbank-ipo-risks-2019-5?r=wework-10yr https://www.businessinsider.com/wework-ceo-adam-neumann-busi...
I don't like this pattern, more than VC funded startups they are more like QE funded startups, regurgitating your own devalued money as a favour. Uber comes to mind, too.