Adam Neumann planned for his children and grandchildren to control WeWork

Re:Adam Neumann planned for his children and grandchildren t... by perl4ever on Saturday October 19, 2019 @10:41PM (#21302034)

Sure, but...common sense.

2% compounded for 20 years is about 50%. In fact, that seems to be very close to the correct amount.

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Re:Adam Neumann planned for his children and grandchildren t... by heymijo on Sunday October 20, 2019 @11:11AM (#21304634)

Thank you for pointing out my lack of common sense.

Should I take this opportunity to point out that pet.com's $435 million is still a paltry sum compared to WeWork's $14.2 billion in capital, or has that larger point been rendered moot by my lack of common sense?

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Re:Adam Neumann planned for his children and grandchildren t... by perl4ever on Sunday October 20, 2019 @01:52PM (#21305746)

I have no idea if pets.com was actually a good comparison. Maybe there were others that raised far more?

Here's an article listing some of the failures from the late 90s:

https://www.complex.com/pop-culture/2012/06/stock-crash-the-...

Looks like eToys was close to $8B valuation around the time of its IPO. Although that doesn't mean they raised anywhere near that.

https://www.wsj.com/articles/SB927219879724795777

So, WeWork may have gotten 100x more investment, but its valuation is more like double or less.

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