4 ms·
It's easy to scapegoat Adam Neumann or Elizabeth Holmes, and say they were sociopathic liars or the like - but these cases read like a market inefficiency in ve
by goatinaboat 6y ago
It's easy to scapegoat Adam Neumann or Elizabeth Holmes, and say they were sociopathic liars or the like - but these cases read like a market inefficiency in venture capital, rather than one-offs.
You misunderstood the business model here. The plan was to dump it on retail investors, cashing out and leaving them holding the bag. It was just a longer “pump” phase than usual. The sociopaths here are SoftBank.
- CalChris 6y agoThe plan was to dump it on retail investors which Benchmark managed to do. https://news.crunchbase.com/news/report-adam-neumann-benchmark-unloaded-676-5m-in-wework-shares-before-failed-ipo/ https://news.crunchbase.com/news/report-adam-neumann-benchma...