| It feels wholesome and healthy to point to WeWork as a thinly-veiled re-packaging of office space and an illustrative example of what's not a "tech" company. With the collapse of their IPO, people are piling on heaps of schadenfreude. But I can't help but wonder: how much of this is envy? Who wouldn't want to be perceived as inspirational and forward-thinking when seeking support for a pet business endeavor? The choice of which words to use to market your idea, the value of being able to recruit people to fulfill the idea, the ability to persuade people to fund your idea. Isn't there some value provided by inspirational leadership? Neumann may have duped a credulous Son, but he put WeWork in the position where it received Son's consideration. I'm not excusing the grifting and self-enriching. At the same time, I've seen situations where the charisma and the resolute determination of a leader makes a huge difference in how the team executes. WeWork may be a glaring example of what not to do, but it's also an example of the value of politicking-- of agilely positioning your endeavor to receive investment, both monetary and emotional. |
But I think it just goes to show how little merit has to do in this kind of economic system.