https://www.businessinsider.com/wework-reportedly-delayed-layoffs-because-its-short-on-cash-2019-10 meanwhile https://www.theverge.com/2019/10/22/20926583/wework-founder-adam-neumann-softbank-takeover-payout I think the board should have gotten him arested for international drug smuggling instead.
This is the thing people here don’t get when there is any sort of debate about economics. People on Blind like to imagine that they’ll one day be the founder making billions of dollars, but the reality is that we’re just cogs in the machine making unimaginably rich people richer.
Can’t be a founder if you don’t start a company, which from its inception has more of a chance of failure than success. And even if it finds success, becoming a unicorn is even less likely.
You mad? Go create something.
What was created here exactly? This business already existed. Adam didn’t create anything.
Created an idea of a company, ran with it until VC money died
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Hmm wonder why people are so pissed at billionaires.
He did create a ton of jobs didn’t he! For a few years at least.
Depends how you look at it. Yes he started the company. But the investors should get the bulk of the credit for creating jobs bc their cash funded it. And if they go bankrupt, there won’t be any jobs.