WeWork takes this much further than other SV companies. In their S-1 filing, they had to disclose something like 100+ related party transactions: https://www.forbes.com/sites/alapshah/2019/08/19/just-how-un...
Re:WeWork’s Back Is Against a Wall
by tru3_power on Wednesday September 18, 2019 @01:50AM
(#21002676)
Wow, those filings make it seem like the founder was using WeWork as his personal piggy bank. Did I understand it right that he took out a loan from WeWork then used a bonus from the company to pay it back?
Re:WeWork’s Back Is Against a Wall
by manigandham on Wednesday September 18, 2019 @02:24AM
(#21002811)
He sold the company a trademark for the word "we" for $6M. It was eventually rolled back after media exposure.
Sounds just about par for the course of any SV startup, the only difference is, the critique seems consistent with outsiders criticizing SV startup IPOs, only the shoe is on the other foot and SV is criticizing outsiders for the very concepts it seems to promote within its own little bubble.