Episode description
The founder of WeWork, Adam Neumann, spent countless billions of investor money on the way to a failed IPO that values the company at over $50 Billion. Now, it is worth just one-tenth of that amount. The WeWork story was presented as one of disgrace and faiure.
Now Adam Neumann is back in the news, having raised $350 million from Andreesen Horowitz in what may be the largest Pre Seed capital raise in history. How did that happen? In this episode, we discuss:
- The external media narrative on WeWork vs. the Silicon Valley narrative
- Why Adam Neumann's failure at WeWork makes him so investable
- What this tells us about how venture capitalists view failure
- The need for boldness and risk-taking when running a startup and raising capital
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