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/biz/ - Business & Finance

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16487563 No.16487563 [Reply] [Original]

alright /biz/
what could he have done differently to not be such a massive disaster?

>> No.16487578

>>16487563
This Jew is an absolute fucking genius and is walking away scott free as a billionaire. He didn't fuck anything up, it was a scam from day 1

>> No.16487591

>>16487578
FPBP
it went swimmingly

>> No.16487598

>>16487578
oh he's absolutely fantastic at doing what he did
what I'm really asking is
>how could he have created an actually successful business that bettered the world around him rather than steal a jap's money in the most roundabout way possible?
don't get me wrong: I'd love to have what he has
but let's not pretend he didn't think the IPO was going to be a smashing success
he planned on being a trillionaire, not a billionaire

>> No.16487601

>>16487563
Literally who the fuck is this?

>> No.16487624

>>16487601
The Israeli founder of WeWork. Which is funny because Jews HATE working.

>> No.16487628

>>16487563
I feel like this could be Richard Heart

>> No.16487653

>>16487598
Do you mean to ask how he could have kept the charade going until after the IPO? That I couldn't answer you, but there is no way in hell this company was ever going to be profitable, it was designed to siphon VC money

>> No.16487654

>>16487598
they got funding from jews in the beginning, unironcally. look it up. jewish kabbalah groups (jewish mysticism), it was thoroughly judaic from day one and i wouldn't be surprised if the name isn't some anagram in hebrew for "stupid goys" or something

meritocracy is for gyim

>> No.16487679

>>16487563
He did everything perfect by his plan - got paid 1.5B to GO AWAY.

It was a scam from the beginning and Masayoshi Son was the mark

>> No.16487680

>>16487653
No, I mean is there a way he could have made it profitable? His first version of it: Green Desk was profitable enough for him to sell it for like $300M.
>>16487654
It's my understanding the company was seeded by proceeds from GreenDesk.

>> No.16487681

>>16487598
https://www.wsj.com/articles/wework-founder-mixed-spiritual-group-with-business-11571232391

and this is only what they print remember

>> No.16487686

>>16487598
You're asking two separate questions OP.
A successful business can be sustainable even if it doesn't better the world around the founder. Look at Paramount Pictures, 100 years of largely shit films... MGM and UA and even Warners did all the classics.
Look at Coca Cola, filling the streets with plastic garbage and increasing coronary heart rates for decades... but solid distribution network and brand recognition means it'll be around for another 100 years, but doesn't do any good for the world.

Which one is more of a priority to have answered?

>> No.16487710

>>16487686
"Good" being a relative term in this case meaning sustainable business.
How could he have created a sustainable business rather than get ahead of himself and buy himself out?

>> No.16487722
File: 12 KB, 480x360, .jpg [View same] [iqdb] [saucenao] [google]
16487722

https://www.timesofisrael.com/troubled-wework-founder-used-kabbalah-center-contacts-to-fund-business-report/

oh no goyishe kop

>> No.16487762

>>16487710
For starters, he could have not embezzled funds by leasing his own trademark and properties to the company

>> No.16487878

>>16487710
>"Good" being a relative term in this case meaning sustainable business.
Try to avoid relative terms, it makes it easier to give you satisfying and clear answers.
Short answer is, he should have carefully picked a board of directors with relevant experiance, people who understood the business model and weren't afraid to to give him a clip around the ears if he fucked up. Instead he filled it with people who would rubber-stamp whatever he would do, big mistake.

Long answer is more complicated, it involved not expanding their workforce so quickly and having been more discerning about acquisitions - they overpaid for a lot of shit, shit they probably didn't even need to acquire in the first place. Did they really need a Gulf 650? If they really did need a private jet, aren't there cheaper models?
How many of the people they hired were actually necessary? Were they hired based on future projections or on observed needs?
I don't have the patience, and quite frankly the expertise to go into details. Sorry.

>> No.16487879

>>16487762
obviously
I'm not looking for the "yeah he could have not stolen money from his own company or expanded into making prep schools" kind of answers
I'm looking more for fundamental behaviors or early decisions
honestly I think taking Son's money was one of his biggest failures, as it looked like WeWork was focused on just coworking space before that, and after Son's funding, they were forced to rapidly expand to an unsustainable degree

>> No.16488050

>>16487879
You don't seem to fully appreciate how much money was hemorrhaged on stupid shit like hiring Neumann's family and friends and the private jet like >>16487878 mentioned. Not wasting/stealing all that money would have made the company more profitable, so I'm not sure why you aren't satisfied with these answers

>> No.16488086

>>16488050
no, because the money wasted was investment dollars, not profit dollars
I totally get that he dragged the thing from a $20B valuation to under $5B in a matter of months, largely from his unscrupulous behavior
what I'm wondering is: how could he have earned the public's trust in the business model?
one thing that always sat uncomfortable with me was the possibility of an economic downturn losing clients with no ability to adapt due to long-term leases

that's essentially what killed blockbuster
look at Family Video, which still exists to this day because they bought their own buildings rather than leasing them, and as their rental business shrunk they turned to leasing their spaces out and making money in real estate, continuing their existence long past expectations

>> No.16488429

They literally just sublease space. Why is that worth so much money?