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Not just anyone gets 16b of funding to lose 50% on it. You need to be a very charismatic CEO - maybe borderline cult-leader status
by rollerboi 7y ago
Not just anyone gets 16b of funding to lose 50% on it. You need to be a very charismatic CEO - maybe borderline cult-leader status
- kmonsen 7y agoI think you also need some "special" investors. In this case softbank appreciated the crazyness of the CEO.
- rollerboi 7y agoYes, but don't forget that those "special" investors were funded by even richer, special-er investors. Softbank funded WeWork via the Vision fund, which is primarily funded with Saudi money.
- Uhuhreally 7y agoand there you have hit the nail on the head
- arcticbull 7y agoRight but we're assessing the quality of the business he built. It's crap. That doesn't change with what the parent said.
- csommers 7y agoANYONE can lose that kind of money - that's the point they were getting at. No need to be pedantic.