3 ms·
Apparently his history of self-dealing and messianic-hyperbole is valuable to them.
by floatinglotus 4y ago
Apparently his history of self-dealing and messianic-hyperbole is valuable to them.
- sangnoir 4y agoWell, he successfully "created value" in commercial real estate and had a massive exit. They are confident of a repeat feat in residential real estate.
- floatinglotus 4y agoHow did he create value? They took in $22B and the company is now worth about $4B. Explain this value creation to me.
- Axsuul 4y agoNot trying to be facetious but value on paper does not automatically translate to value in the real world. You can throw billions at a problem and not end up creating any net value. It happens all the time (ahem, government). But to answer your question, I do think thousands of companies and individuals have gotten immense value by choosing to do their work at WeWork.
- sangnoir 4y agoHe "created" value for himself and early-stage investors by taking it from investors who joined the train late (Softbank, IIRC). You will note that a16z is an early-stage investor in Flow