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
See More
Anonymous 4
Stealth • 2d
The IPO was a reality check. $1.9B losses, Neumann pocketing millions, and corporate chaos. Investors saw the house of cards and bailed, and rightfully so.
0 replies
More like this
Recommendations from Medial
Inactive
Stealth • 5m
WeWork's Rise and Fall
2010: Adam Neumann co-founds WeWork
Concept: Trendy coworking spaces
2014-2018: Rapid expansion
• Raises billions in funding
• Valuation hits $47 billion
• Opens locations globally
2019: IPO attempt reveals issues
• Massive
In 2018, he threw a $2 million party to show off his startup’s success.
Private jets. Celebrities. Live music.
But just a year later, his over-the-top lifestyle cost his company $47 billion.
Here’s how one CEO’s bad decisions destroyed a billion-d
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
Top News of the Day:
1. Fintech firm BharatPe has raised Rs 85 crore (approximately $10 million) in debt through non-convertible debentures.
2. FirstCry’s losses fall 34% to Rs 321 cr ahead of IPO
3. Fractal To File DRHP By Sep For $600 Mn IPO At
Top News of the Day:
1. RecommerceX raises $3.6 million in round led by Accel, Kae Capital
2. Coworking Space Provider IndiQube In Talks With Bankers For INR 1,500 Cr IPO
3. Rapido rolls into unicorn club with $200 million raise at $1.1 billion va
Pivot or Die: Brex
Who are Brex?
Pedro Dubugras and Henrique Franceschi, both originally from Brazil, taught themselves how to code from a very young age. Franceschi's coding journey began when he hacked an iPhone at just 11 years old, modifying i
Top News of the Week:
1. Funding:
- During the week, 26 Indian startups raised around $421.29 million in funding. These deals count 4 growth-stage deals and 16 early-stage deals while 6 startups kept their transaction details undisclosed.
- On a w
In 2001, Netflix begged Blockbuster to buy them for $50 million.
But Blockbuster laughed at them.
Today, Netflix is worth over $350 billion—and no one remembers Blockbuster.
Here’s how that rejection ignited one of the greatest business comebacks
This entire MapMyIndia saga is such a blatant CORPORATE THEFT by the promoters 📛📛
MapMyIndia’s Mappls was supposed to give Google Maps a run for its money, in the founder’s own terms.
And poof—they've made it disappear into a brand new company, i
Top News of the Week:
1. Funding:
- This week, as many as 22 Indian startups raised around $116.26 million in funding. These deals count 4 growth-stage deals and 16 early-stage deals while 2 early-stage startups kept the transaction details undiscl