WeWork’s CEO Makes Millions as Landlord to WeWork

Re:WeWork’s CEO Makes Millions as Landlord to WeWork by mooreds on Wednesday January 16, 2019 @08:21AM (#18920570)

How about (active) investors? Why wouldn't they shy away from that kind of deal?

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Re:WeWork’s CEO Makes Millions as Landlord to WeWork by hendzen on Wednesday January 16, 2019 @08:30AM (#18920621)

Too much VC money chasing too few deals. They didn't have a choice, he could have just gotten the money elsewhere.

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Re:WeWork’s CEO Makes Millions as Landlord to WeWork by chuckgreenman on Wednesday January 16, 2019 @09:11AM (#18920948)

Can someone introduce me to these desperate venture capitalists making poorly researched deals?

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Re:WeWork’s CEO Makes Millions as Landlord to WeWork by syn0byte on Wednesday January 16, 2019 @09:55AM (#18921303)

Make a company with a 47 billion dollar valuation and those "desperate" venture capitalists will introduce themselves.

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Re:WeWork’s CEO Makes Millions as Landlord to WeWork by jazzyk on Wednesday January 16, 2019 @11:11AM (#18922029)

Revenues and/or profit not required.

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Re:WeWork’s CEO Makes Millions as Landlord to WeWork by byset on Thursday January 17, 2019 @02:20AM (#18929004)

There is a competitive element when lots of VC money is chasing hot investments — the company has leverage to get investors to accept unfavorable terms. It is an aspect of our bubbly financial climate, like the boom in "covenant-lite" loans.

Also, there is a Ponzi-like aspect to VC funding in general, where incentives favor ever-rising valuations rather than the cultivation of sustainable, profitable businesses.

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