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> and investors seem weirdly OK with Neumanns using self-dealing to feather his own nest Well, sort of. The fact that this IPO has apparently attracted so litt
by Analemma_ 7y ago
> and investors seem weirdly OK with Neumanns using self-dealing to feather his own nest
Well, sort of. The fact that this IPO has apparently attracted so little interest that it's getting pushed back or canned entirely tells me investors aren't OK with it. It's more like "SoftBank seems weirdly OK with it", and this fiasco is going to cost them so much money that I have a feeling they won't be so lenient with the next set of founders.
- jazzyk 7y agoThe poster above is talking about the people who had invested in the company so far: The We Company has raised a total of $12.8B in funding over 14 rounds. Their latest funding was raised on Jan 9, 2019 from a Secondary Market round. https://www.crunchbase.com/organization/wework https://www.crunchbase.com/organization/wework
- ToFundorNot 7y agoEven Softbank wasn't okay, they did one round, but they then reduced their most recent round from 14b to 2b source: https://techcrunch.com/2019/01/07/for-softbank-no-majority-stake-in-wework-as-it-scales-down-talks-from-a-new-16-billion-investment-to-2-billion/ https://techcrunch.com/2019/01/07/for-softbank-no-majority-s...
- elliekelly 7y agoI know the Vision Fund is massive but the fact that SoftBank was even considering having one fund make a $16 billion investment in one company is insanity to me.
- sharadov 7y agoSoftBank does not seem so smart to me, I just think between the two Vision funds - 200B, they have so much money to play with, they don't seem to give a shit. And Masayoshi Son, can just go back to the Saudis and get more money if he needs to.