4 ms·
That's survivor bias though, isn't it? There are a ton of bad ideas and companies that sink all the time. WeWork isn't new or unique in this regard, for reason
by bduerst 7y ago
That's survivor bias though, isn't it?
There are a ton of bad ideas and companies that sink all the time. WeWork isn't new or unique in this regard, for reasons you described.
Just because you see a boat sink doesn't mean the other floating boats are going to start sinking as well.
- TylerE 7y agoWeWork is VERY big though. For instance, their market cap is 1.5x what Kodak peaked at.
- hari_seldon_ 7y agoWhich market cap? The one that was set by investors during the last round and has already been more than halved?
- bduerst 7y ago>market cap You mean their private unicorn valuation? Kodak is publicly traded, WeWork is not, so you can't compare them. WeWork isn't that different from most failing unicorns.
- skinnymuch 7y agoMarket cap is almost never used as the valuation of a privately held company. Their valuation which since around $17B has almost solely been funded by SoftBank and the venture fund? SoftBank took them from a $20B valuation with others to solo pushing them up to $47B over the course of less than 2 years. That doesn’t count as a market cap.