WeWork’s Once Robust Cash Reserves Have Dwindled, Raising Chances of Default

Re:WeWork’s Once Robust Cash Reserves Have Dwindled, Raising... by spaceman_2020 on Friday December 16, 2022 @04:15PM (#34020497)

I don't understand venture capital, but from my understanding, this startup cycle has hardly been futile.

- The founders made money

- The employees made money

- The customers made money in the form of steeply discounted products and services

So really, the only people to lose out were VCs, especially since a lot of these startups haven't really had a chance to IPO and grift out the little guy (at least in my market).

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Re:WeWork’s Once Robust Cash Reserves Have Dwindled, Raising... by random_savv on Friday December 16, 2022 @04:57PM (#34021058)

> the only people to lose out were VCs

and the teachers' pensions that went into funding those VCs

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Re:WeWork’s Once Robust Cash Reserves Have Dwindled, Raising... by MrMan on Friday December 16, 2022 @08:52PM (#34023431)

teachers are mostly critical race theorists or POC so this is fine

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