2 ms·

This redefines failing upward. The lunacy of this is astounding.

• DoreenMichele 7y ago
  So how do we help people like me (independent, small shops) monetize their work effectively to try to inject a smidgen of sanity into the world to counterbalance such lunacy?
  • anm89 7y ago
    Honest answer: a beautiful thing about capital markets is that if you understand some piece of info which isn't being priced you have the ability to make lots of money. And being rich is a pretty good starting place for large scale change. You essentially get to take money from something you disagree with and reallocate it whatever way you see just. So basically go beat them at their own game. It seems like there are chances to do that.
• dehrmann 7y ago
  Not really. WeWork had $12.8B in funding. Now they're valued at $8B. They'll be valued at a lot less if they go bankrupt, so if Softbank can stabilize the company, they can cap their losses. Risk is also baked into that valuation, so if Softbank fixes things, they'll come out ahead.
  • anm89 7y ago
    Another perspective would be he got probably one of the 10 or 20 biggest pay days in history for giving We an 80% haircut. And that was directly on him. All he had to do was stop being a jerk and they probably would have slid through. I'm comfortable calling 80 a failure.