| > Adam is a visionary leader who revolutionized the second largest asset class in the world I was of the opinion that Adam made a serious and flawed business decision of taking long term leases with borrowed money, but selling short term fluid leases for revenue leading to books that are incredibly risky. At the time of collapse, the sky high valuation was basically a branding exercise, rather than actual business value (adjusted for risk) > it’s often under appreciated that only one person has fundamentally redesigned the office experience and led a paradigm-changing global company in the process How is that A16z is oblivious to the fact that astronomical valuations were tempered after scrutiny of the business of WeWork? >We understand how difficult it is to build something like this Again. They took cheaply available VC money, turned it into long term leases. That is a terrible business to be in, risk wise. Not to mention bullshit about "community" and what not that they tried to build around WeWork. >Adam returns to the theme of connecting people through transforming their physical spaces and building communities where people spend the most time: their homes. What is novel about this? Aren't Cul de Sacs supposed to be this? Or even apartments? |
What is infuriating is that there is so much great work done by great people on building strong resilient and affordable towns which are a pleasure to live and work in, but the easy VC money flows to the wierdo charlatans instead.