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Medialย โขย 5m
After spending just 12 minutes in their office... SoftBank's CEO wrote them a $4.4B check. Less than 30 minutes later, he invested another $2B. Here's the sales pitch WeWork's founder used to convince the world's smartest investors to ignore basic math : In 2017, WeWork was booming, but they were burning cash fast. Then came Masayoshi Son, SoftBank's legendary founder, who turned $20M into $100B with Alibaba. Known for gut-driven investments, Son decided to back WeWork after just 12 minutes of meeting its charismatic CEO, Adam Neumann. No pitch deck, no due diligenceโjust vibes. In a car ride, Son committed $4.4B, later adding another $2B. Why? He thought WeWork was a tech company, not a real estate one. But hereโs the problem: WeWork's model was flawed. They leased offices on 15-year contracts but rented them out month-to-month. Fixed costs, variable revenueโone downturn could destroy them. Despite this, by 2019, WeWork hit a $47B valuationโworth more than Airbnb or SpaceX. But the hype masked reality: WeWork was just subletting offices, not revolutionizing workspaces. The turning point? Their IPO filing in 2019 revealed: $1.9B loss in 2018 Questionable deals benefiting Neumann A messy corporate structure Investors panicked. The IPO was canceled, valuation dropped to $8B, and SoftBank had to bail them out. Neumann was ousted. By 2023, WeWork filed for bankruptcy, drowning in $19B debt. The WeWork saga taught a hard lesson: flashy pitches donโt replace solid business fundamentals. Today, investors demand clear profitability and sound economicsโno more billion-dollar bets on vibes. And thatโs probably for the best. Follow me for more such amazing business case studies!
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Medialย โขย 7m
In 2018, he threw a $2 million party to show off his startupโs success. Private jets. Celebrities. Live music. But just a year later, his over-the-top lifestyle cost his company $47 billion. Hereโs how one CEOโs bad decisions destroyed a billion-d
See MoreAprameyaAIย โขย 11m
WeWork's Rise and Fall 2010: Adam Neumann co-founds WeWork Concept: Trendy coworking spaces 2014-2018: Rapid expansion โข Raises billions in funding โข Valuation hits $47 billion โข Opens locations globally 2019: IPO attempt reveals issues โข Massive
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Masayoshi Son (CEO of soft bank) also known as the Bill Gates of japan or you can say "The Crazy Genius" - Why? Because he is behind almost everything you can think of. The one who has raised 45 billion in 45 minutes and the one who has raised 100 Bi
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My son is dead: Elon Musk Son Changing Gender Boy to Girl Because Of Wokeism Billionaire Elon Musk said his son was dead after the Tesla CEO was tricked into giving consent for his child to go on puberty blockers. "I was told Xavier might commit sui
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Medialย โขย 2m
๐๐๐ฒ๐ฟ๐๐ผ๐ป๐ฒ ๐๐ฎ๐๐ด๐ต๐ฒ๐ฑ ๐๐ณ๐๐ฒ๐ฟ ๐๐ถ๐ $๐ฐ๐ฌ๐ ๐๐ฎ๐ถ๐น๐๐ฟ๐ฒ โ ๐ก๐ผ๐ ๐๐ฒโ๐ ๐๐ฎ๐ฐ๐ธ ๐ช๐ถ๐๐ต ๐๐ต๐ฒ ๐๐ถ๐ด๐ด๐ฒ๐๐ ๐ฉ๐ ๐๐ฒ๐ ๐ผ๐ณ ๐๐ต๐ฒ ๐๐ฒ๐ฐ๐ฎ๐ฑ๐ฒ In 2019, Adam Neumann became the face of one of techโs most infamous disasters. W
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๐Short story of wework WeWork started in 2010 when Adam Neumann and Miguel McKelvey saw a chance to rethink office space. After the 2008 recession, empty buildings were plentiful, and freelancers needed affordable places to work. They leased floors
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