The We Work revisited story continues to get commentary given the massive investment made by Andreesen Horowitz. It’s true that Adam Neuman built a game-changing real estate business. They re-defined co-working spaces when the only real player had been sleepy Regus. They also raised extraordinary amounts of capital and convinced smart investors to value the business as a technology business (high multiples) and not a real estate business (low multiples). Maybe assuming that investments from large firms (i.e. SoftBank) have some special insight isn’t necessarily a good idea.
Picthbook weighed in with their thoughts…more or less mimicking our post from last week. It continues to capture the headlines because the dollars involved are sizable and the characters may be just as sizable.
Picthbook weighed in with their thoughts…more or less mimicking our post from last week. It continues to capture the headlines because the dollars involved are sizable and the characters may be just as sizable.
