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by JumpCrisscross 1049 days ago
> Neumann and the other VCs already exit scammed out of it with their millions and additionally dumped on retail

Given the outright fraud prevalent in today’s tech landscape, it’s difficult to call WeWork a scam. Stupid, yes. But fraud; for that we lack evidence.
1 comments
NoGravitas 1049 days ago
It's a commercial property management company that identifies as a tech company to get dumb investment money. Maybe not outright fraudulent, but definitely scammy.
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JumpCrisscross 1049 days ago
> Maybe not outright fraudulent, but definitely scammy

Scams are attempts to defraud. No fraud, no scam. If it feels scammy, that means (or should mean) you sense fraud.

I know this seems pedantic. But drawing clearly that line--between fraud and blind optimism--seems like a good takeaway from this past cycle.

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