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by bko
1408 days ago
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I figured it's valuable that he did create something that's valued at nearly $4 billion dollars today, but then I looked at it and he did raise $22 billion. The question is, is it trivial to take $22 billion dollars and create a $4 billion business? In some cases I would say yeah, its still valuable. I'm not entirely sure I could create a $4 billion business regardless how much money you gave me. On the other hand its real estate, so I could just buy $22 billion of real estate and hopefully come out somewhere just shy of that amount. I'm not sure but the spread between $22 and $4 leaves plenty of room for error. But there is something to say about failing. Traders that have lost a lot of money are more valuable than those that have never had any downs. But from hearing Adam Neumann speak, it strikes me as though he hasn't learned any lessons. He's a master at deflection and has an excuse or explanation for everything. He has no self awareness or humility. You can listen to his interview from 2021 and it's really incredible. Anyway, that's all to say I'm surprised anyone would give him another chance. https://www.youtube.com/watch?v=Dgp-CM-gQik |
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