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>> He saw an excess of capital in Silicon Valley and a raw, unsatisfied ambition in SoftBank’s Masayoshi Son and his $100 billion Vision Fund It doesn't take a
by cryptica 7y ago
>> He saw an excess of capital in Silicon Valley and a raw, unsatisfied ambition in SoftBank’s Masayoshi Son and his $100 billion Vision Fund
It doesn't take a genius to see this opportunity but it does take an incredibly lucky person to be in a position to exploit it.
If Adam Neumann doesn't end up in jail after all this, then I will concede that he is not an idiot.
- dano 7y agoAdam was/is a promoter extraordinaire. He promoted a utopian future ideal state to his investors and created an investment frenzy though build outs of cool, edgy office space. He created a show and the investors came in droves. He negotiated the investment rounds well and benefited from demand for his product that caused the investors to let their guard down so as to not miss out. The Fear of Missing out (FOMO) is a terribly strong force in the VC community. Adam has set himself and his family up for generations and its all likely legal.
- cryptica 7y agoIt says more about investor stupidity than it says about Adam Neumann. IMO, most investors are pretty stupid. Like herd animals.