Re:WeWork’s Once Robust Cash Reserves Have Dwindled, Raising...
by rsanheim on Friday December 16, 2022 @02:04PM
(#34018620)
It was incredibly unethical.
VCs defend it because they were riding along w Neumann the whole time, throwing more and more money into the trash fire as the we work valuation rose to insane levels. And of course they were the first to get out with a profitable return before things come crashing down.
VCs defend it because they were riding along w Neumann the whole time, throwing more and more money into the trash fire as the we work valuation rose to insane levels. And of course they were the first to get out with a profitable return before things come crashing down.