The Venture Capital World Isn't as Hot as It Used to Be

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Robin Wigglesworth talks to FT's AlphaVille blog editor about the WeWork flopped. He says it may be indicative of a venture capital world that has raised an insane amount of money in recent years on the back of incredible returns. But now some people are retrenching, and these firms have raised a lot of money already which they must deploy or hand back to investors.

Amazon has accused the FTC of harassing top executives as part of an antitrust investigation, hedge fund Elliott Management has dumped almost all of its shares in SoftBank, and Harvard will offer tuition-free MBA programs to low-income students. Plus, the man who blew up WeWork, Adam Neumann, has a new real estate venture that’s attracted a major investment from Silicon Valley royalty.

Mentioned in this podcast:

Amazon accuses FTC of harassing executives including Jeff Bezos and Andy Jassy

Hedge fund Elliott dumps SoftBank stake after souring on Masayoshi Son

Andreessen Horowitz backs WeWork co-founder’s property venture

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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