4 ms·
8 billion dollars! from a Total Funding Amount of $20.6B [1]. Such a success. [1] https://www.crunchbase.com/organization/wework https://www.crunchbase.com/org
by CalChris 6y ago
8 billion dollars! from a Total Funding Amount of $20.6B [1]. Such a success.
[1] https://www.crunchbase.com/organization/wework https://www.crunchbase.com/organization/wework
- listenallyall 6y agoBut it was OPM. That's the bargain of venture capital, they take a giant portion of your company, but it's their money on the line, not yours. Just getting meetings, and then funding in the billions, is a massive win. And really it was only at the end that valuation did not exceed funding... And yet, even when that was clear and obvious, the investors STILL wrote a $500 million check (or was it a $billion, I forget the details) to make him step aside. If that isn't success, what is?