The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.
© (c) Copyright Thomson Reuters 2020.WeWork debacle has unicorn investors seeking cover
By Anirban Sen and Jane Lanhee Lee BANGALORE/SAN FRANCISCO©2024 GPlusMedia Inc.
2 Comments
Login to comment
mmwkdw
Uh, when it comes to HNW Individual "Investors" in startups, one would expect that they have done their homework, rather than relying upon others to have done so... in this case, one person was caught napping and paid for it. I doubt, those "advisors" who were working for him, are working anymore.
Ah_so
Wework's valuation was always fanciful. The basic business model is not new, but it gave it a fashionable makeover. However, the offices are expensive to furnish and barriers to entry are not significant.