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My theory is when you are trying to run a business that doesn’t generate cashflows and have no idea how you are going to get to that point, you start wasting yo
by AJ007 7y ago
My theory is when you are trying to run a business that doesn’t generate cashflows and have no idea how you are going to get to that point, you start wasting your time with crazy stuff.
Everyone knows there is a big difference between a company like WeWork and Apple. There is also a big difference between other money losing unicorns that have a path to generating positive cash flow, albeit perhaps at a much smaller valuation.
Consider this is a person who was operating a company with a (SoftBank granted) valuation of a company that should have been throwing off billions of dollars in free cashflow. Instead, this guy had never run a successful or positive cashflow company in his entire life. If you pulled the average person off the street, told them they were extremely smart and successful, and put them in the exact same position as Mr Neumann, I’m going to guess they would be doing things as weird as he was if not much, much stranger.