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by alamaslah 2361 days ago
I know people say this a lot on Hacker news...but, that is not the model of Venture Capital.

And the Vision Fund has not only invested in high risk ventures.https://visionfund.com/portfolio

Vision Fund's "investment" in WeWork is effectively a hostile takeover of a distressed asset. It is one of the most conventional bets they have made.
1 comments
empath75 2361 days ago
It’s their own distressed asset.
link
alamaslah 2361 days ago
Yes, it is now their asset. After they built a stake and gained control.

Even the common takeover trope of relationship building between an insider and the acquirer happened here. All Vision Fund's dealings with WeWork seemed to go directly to Adam Neumann. And to be frank, he seemed to be out of control, he was going manic, and it seems as though this was encouraged by Vision Fund.

Neumann did very well out of the deal. What happened to the other co-founder?

link