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In some circles resigning from a failed tech venture is not seen as a failure. WeWork CEO resigned and is now promoting a new fully funded company in the same s
by systemicdanna 4y ago
In some circles resigning from a failed tech venture is not seen as a failure. WeWork CEO resigned and is now promoting a new fully funded company in the same space.
FTX CEO has been openly lying about the impact for a long time now, and has mismanaged billions of dollars (of other people's money). Resigning doesn't seem like a reasonable punishment.
- skeeter2020 4y agoNot to get too far off-topic, but WeWork was commercial real estate, Flow is residential: Andreessen [of Andreessen Horowitz, investors of 350M in a company that's single asset is currently a landing page] positioned the new company as a long-awaited solution to the nation’s “housing crisis.” ... “community-driven, experience-centric service” — to explain how the new startup would “create a system where renters receive the benefits of owners.” This sounds completely different than WeWork, which had the simple goal of changing the world, one beer-Friday at a time. The sad part is the AZ money isn't the dumb money in this deal; that will flow in latter.
- systemicdanna 4y agoI meant that he is back to working in real estate (both WeWork and Flow are in essence real estate businesses with some tech/VC sprinkles on top).