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by jimmywanger
2431 days ago
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I think the takeaway would be that WeWork has found the biggest sucker out there, and that nobody else at this point would invest a dime in them. Until you can somehow show profit on sales per unit, then you certainly aren't running a sustainable business. All of the more clued in investors are running for the hills. Google ventures invested early in Uber - when was they last time they tossed Uber more money? (Honest question, I don't know) Seems like WeWork wants to enlist true believers/people who think they can flip their investment. I don't see an exit plan. |
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