WeWork proves that (venture) capitalism works

Subject: WeWork proves that (venture) capitalism works Sun Sep 29, 2019 8:54 pm

What’s the lesson of WeWork?
Here’s a startup that has been a darling of Silicon Valley investors for years, whose offices and CEO have been stunningly painted across the covers of major trade magazines and strategically deployed across major tech conference stages, including our very own. At its peak, the company commanded a valuation of tens of billions of dollars and was supposed to be on course for the stratosphere, joining companies like Google and Facebook.
And then it all came crashing down, in literally a handful of days.
It’s easy to point to WeWork’s potentially 75%+ valuation drop, its looming layoffs, the firing of its CEO, and the seeming compression of a whole heck of a lot of investors and employee equity as a sordid disaster tale of capitalism, and venture capitalism in particular. VCs — none more so than Masayoshi Son at SoftBank — constantly overbought, oversold, and overcommitted to a company that had pretty much no business fundamentals whatsoever.

WeWork proves that (venture) capitalism works GettyImages-1132955404

WeWork proves that (venture) capitalism works GettyImages-1132955404

https://techcrunch.com/2019/09/29/wework-proves-that-venture-capitalism-works/

WeWork proves that (venture) capitalism works

WeWork proves that (venture) capitalism works

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