How is the WeWork Founder Still Rich?!

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Can we have series of successfull founders who had integrity?

The modern corporate strategy is to pay all the important people up front as the business is initially capitalized . Then investor money is used to buy a market share for a few years. The business never really turns a profit and it collapses. But the founders and any investment bankers involved walked away with the money--years earlier.

Adam is now “revolutionizing” housing/renting an apartment with his new company “flow”. It’s basically super expensive rent to own but with “culture and fun”. He’s already raised a gagillion dollars 😑😑😑

Hot Take: Don't be like Adam Neumann... be like Ben Chestnut (MailChimp Co-Founder) who didn't raise ANY outside funding and still managed to sell the company to Intuit for around $12 Billion

My favorite part of the movie was when he said, "It's scamming time!"

That is how our whole economy works. Limited liability. Start a company, borrow money, pay yourself and investors obscenely while paying workers minimally, walk away rich before it goes completely under.

Adam Neumann was made a billionaire for being investors' idea of a founder...just like Kim Kardashian was made a millionaire for being network TV's idea of a celebrity.

I worked in SoCal for 15 years, through corporate wellness contracts I got exposed to a few charismatic leaders. It is truly impressive and hard to explain the effect these people have. Even when you know it's BS... it's a bit unsettling honestly.

I’m not sure Amazon is a good example of this “burning money” concept you speak of. I could be wrong. But, Amazon’s economics actually made sense. They were just reinvesting in the company instead of returning money to investors immediately. Many companies today have economics that don’t make any sense.

Absolutely, just absolutely love it. I've been in startup-world for a long time, as a senior SME. I could never wrap my head around the intangibles . Numbers prove truth, right? That's why I'm not gonna be a billionaire, but man being so close to where the sausage is made is captivating :D Great video

can we have a video of how many founders who really started from nothing, not borrowed money from family like Adam from his Sister, Elon from his Dad, Zuck with his family or Gates who's from a wealthy family. It seems to me that a lot started from money or at least have money to begin with. And having money means having the connection as well. And I think it's being overlooked how money or connection really has the highest impact in making your startup a success. Imagine, if Jeff has no money to support him during the early years of Amazon? or Zuck with Facebook? Or if Amazon or Facebook were founded initially by minority founders who've no money nor connection?

The irony is that Jared Leto a cult leader is acting as Adam who led WeWork like a cult.

As an early employee of wework who lost everything from it, I ask myself this question once a week.

WeWork is profitable in India. There are some interesting reasons behind it. It's run by real estate giants directly.

Company: "Renting out workspace." Investors: 🤯🤯🤯

Glad I found your channel. These are very entertaining and informative.

Isn't all this just a scaled up version of the multi-level marketing schemes like May Kay Cosmetics or Herbalife? Right down to the chanting at rallys to whip up excitement for the product. You're selling a sense of belonging and purpose to people who might otherwise have none. It's the classic confidence game. But sometimes it does work. That's why most companies are not started by PhD's but rather by good poker players.

AMAZING VIDEO "KAYA",THE EXPLAINER TIMES WAS VERY GOOD AND OF COURSE I JAVE TO HAVE YOUR BOOK,THANKS FOR THE INFO!!👍👍👍👍

Great video, I hit the sub button before the halfway!