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Softbank didn’t start investing in WeWork until others had gotten it to a $16B valuation 3-4 years ago. A lot of the investors weren’t SV but some were in its h
by skinnymuch 7y ago
Softbank didn’t start investing in WeWork until others had gotten it to a $16B valuation 3-4 years ago. A lot of the investors weren’t SV but some were in its history.
- AceJohnny2 7y ago> others had gotten it to a $16B valuation Which just shows how much "valuation" is bullshit. I would've thought that was clear ever since 37Signals were (sarcastically) valued at $100B in 2009: https://signalvnoise.com/posts/1941-press-release-37signals-valuation-tops-100-billion-after-bold-vc-investment https://signalvnoise.com/posts/1941-press-release-37signals-... (They repeated the joke at least in 2011 and 2015. Maybe 2009 wasn't the first time either)
- skinnymuch 7y agoYeah for sure. I think we are on the same page. I was specifically pointing out the OP seemingly putting SV at odds with WeWork implying WeWork is ridiculous with ego, money, et al, and not SV.