WeCash-out, before IPO

WeCash-out, before IPO

The WSJ today reported on how WeWork co-founder and CEO Andrew Neumann has extracted¬†$700,000,000¬†in share sales and loans from his money-losing, pre-IPO unicorn. So far Neumann has purchased 4 homes around New York, funded an elementary school his kid goes to, and paid $14,000,000 for a 13,000 squarre foot crib in the Bay area that has a guitar-shaped romper room. He also buys properties and leases them back to WeWork. All very confidence instilling for…

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Canada’s “Disrupted”, eh

Canada’s “Disrupted”, eh

The inaugural post of this blog was a review of Dan Lyon’s “Disrupted”, which put a point to the unicorn economy, where money losing companies crowd out real businesses by sucking up all the oxygen in the space. That bubble hasn’t popped …yet, although it may this year. In the meantime, here is another personal account of life within some VC-darling branding darling, this time up here in Canada. Read it here…

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