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Why on earth would anyone trust Adam Neumann with their money nowadays?
by MonkeyMalarky 4y ago
Why on earth would anyone trust Adam Neumann with their money nowadays?
- throwoutway 4y agoThat was my first reaction too.
- moralestapia 4y agoForget about WeWork and put ethics aside, the guy turned (pretty much) nothing into billions, they're betting he will do it again. i.e. Neumann has a very high ROI.
- BoiledCabbage 4y agoHe turned 22 Billion of funding into a 4 Billion market cap. My read is he turned something into almost nothing. Or maybe you can say he scammed long enough for a few to profit off of later suckers. But I'm not seeing value creation at all.
- throwawaysleep 4y agoIf you are early, there is tremendous value creation. Greater fool theory.
- germinalphrase 4y agoIt’s a dingy look on the industry.
- jimbob45 4y agoI didn’t want to be the one to say it.
- olliej 4y agoEarly investors made a bunch of money, before bankruptcy lost everyone else’s money
- Siddarth1977 4y agoThe same reason people buy crypto. They expect to resell it at a profit to a bigger sucker before the whole thing collapses.
- ulfw 4y agoYea but investors didn't make money on Wework. So it's not like he's got a great track record.
- ALittleLight 4y agoWhy would anyone trust Sean Parker with their money after he ran a music pirating service, got hooked on drugs, acted crazy, and burned out? Well, it worked out okay for Peter Thiel.
- x0x0 4y agoLook at the economics that a16z needs with fund sizes in the billions. Funding small companies won't do it for them unless they invest in a lot, probably more than they can manage duedil or spend time on; they need investments who can deploy a lot of cash. With, obviously, some chance of success. Hopefully for their LPs Adam learned some lessons.
- micromacrofoot 4y agowell if he repeats the wework arc then the you want early in and early out