We Good Now?

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

"Age of Miracles" · Packy McCormick | Turpentine