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> The story of WeWork’s rise and fall is the story of the past decade: a strange time when greed, technology worship, and low interest rates combined to produce
by AlexandrB 6y ago
> The story of WeWork’s rise and fall is the story of the past decade: a strange time when greed, technology worship, and low interest rates combined to produce throngs of supposedly billion-dollar startups, known as “unicorns.”
I think the use of past tense here is unwarranted. I'm sure there are many WeWorks and Theranoses still out there right now.
- burnte 6y agoI don't think the article disagrees, it wasys the past decade created them, not uncovered them all.
- jankyxenon 6y agoDon't you have to have these sort of losses for the thinking to progress? If we don't have examples of WeWorks, it's not built into the process to sus them out. Something built on sand will ultimately collapse - and smart money shouldn't build on that particular patch of sand again (it'll find other ones).
- mrkramer 6y ago>I think the use of past tense here is unwarranted. I'm sure there are many WeWorks and Theranoses still out there right now. Many of whom are SaaS companies and who receive hundreds of millions of dollars of investment on what merit? Good story? Sexy products? Expensive growth? Look at us we are next Oracle or Salesforce.