Every bubble produces its own poster children. One of the more astonishing is WeWork – a company that promised to defy the gravity of conventional real estate transactions by leasing long-term and renting short-term. At one point, it was valued at $47 billion – now it is warning that it may no longer be considered a “going concern.” How did we get here?
Your statement "there didn’t seem to be any real customer need" should remind new business leaders that "need" is like gravity. Invisible, but it's very real.
Did you see that Neumann has started a new business, "Flow," based on the idea that working at home is going to create some kind of giant demand and Andreeson-Horowitz have put $350 million into it???? Will we never learn? Thanks for reading!
Rita, another interesting story and lesson.
Your statement "there didn’t seem to be any real customer need" should remind new business leaders that "need" is like gravity. Invisible, but it's very real.
Cheers,
Bill
Did you see that Neumann has started a new business, "Flow," based on the idea that working at home is going to create some kind of giant demand and Andreeson-Horowitz have put $350 million into it???? Will we never learn? Thanks for reading!
Sadly, we don’t seem to learn from the past. Human nature is fascinating and disturbing. You keep writing — I’ll keep reading.