Re:How Adam Neumann’s Over-the-Top Style Built WeWork
by jazzyk on Wednesday September 18, 2019 @03:45PM
(#21009230)
The poster above is talking about the people who had invested in the company so far:
The We Company has raised a total of $12.8B in funding over 14 rounds. Their latest funding was raised on Jan 9, 2019 from a Secondary Market round.
Re:How Adam Neumann’s Over-the-Top Style Built WeWork
by ToFundorNot on Wednesday September 18, 2019 @05:57PM
(#21010699)
Even Softbank wasn't okay, they did one round, but they then reduced their most recent round from 14b to 2b
source: https://techcrunch.com/2019/01/07/for-softbank-no-majority-s...
Re:How Adam Neumann’s Over-the-Top Style Built WeWork
by elliekelly on Thursday September 19, 2019 @03:40PM
(#21019872)
I know the Vision Fund is massive but the fact that SoftBank was even considering having one fund make a $16 billion investment in one company is insanity to me.
Re:How Adam Neumann’s Over-the-Top Style Built WeWork
by sharadov on Thursday September 19, 2019 @01:02PM
(#21018170)
SoftBank does not seem so smart to me, I just think between the two Vision funds - 200B, they have so much money to play with, they don't seem to give a shit. And Masayoshi Son, can just go back to the Saudis and get more money if he needs to.
Well, sort of. The fact that this IPO has apparently attracted so little interest that it's getting pushed back or canned entirely tells me investors aren't OK with it. It's more like "SoftBank seems weirdly OK with it", and this fiasco is going to cost them so much money that I have a feeling they won't be so lenient with the next set of founders.