We Good Now?
In this episode, Dror Poleg and I break down WeWork after the recent announcement that it's going public via SPAC at a $9 billion valuation. We cover: The Royal We. Adam Neumann was narcissistic and brash… exactly what was needed to shake up office real estate. WeStory. From 3,000 sq ft in Soho to millions across the world, fueled by an epic hype flywheel. From WeWork to We. Neumann pushed the company outside of office and into a little bit of everything. IPOh No! WeWork’s attempted 2019 IPO failed spectacularly thanks to unforced errors, and the company brought in new management, refocused, and trimmed down. WeSPAC. On Friday,Vivek Ranadivé’s BowX SPAC announced that it’s taking WeWork public at a $9 billion valuation. Side Note: Masa is a Genius Again. Masa is on a tear. WeWork breaking even would be the icing on his comeback cake. WeWork by the Numbers. The refocused WeWork is a straightforward business. The WeWork Bear Case. This time, maybe it’s the market’s fault. The WeWork Bull Case. WeWork survived, erased its mistakes, and is perfectly positioned to capture value in a more flexible world. Back to the Future. You know who would have been a perfect CEO for this market? Read the full piece on Not Boring. --- Send in a voice message: https://podcasters.spotify.com/pod/show/ageofmiracles/message