The Prof G Pod with Scott Galloway No Mercy / No Malice: WeBur
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Nov 18, 2023 Explore the contrasting journeys of Uber and WeWork, reflecting on how their founders and management choices shaped their fates. Discover Uber's profitability and resilience alongside WeWork's downfall and bankruptcy. Dive into the evolving workspace dynamics, where flexibility triumphs over salary for younger workers, illustrated by a meaningful personal story about friendship and growth. Uncover strategic insights on how WeWork might rebound through innovative operational models.
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Divergent Unicorn Paths
- Uber and WeWork, once equally prominent unicorns, have drastically different outcomes.
- Uber thrives as a public company, while WeWork faces bankruptcy after burning through billions.
Reasons for Divergence
- Two factors explain the companies' divergent paths: the idolatry of innovators and the power of asset-light models.
- Zealous founders are essential initially, but pragmatists are needed for mature companies.
Zealots vs. Pragmatists
- Bill Gates evolved from a zealot to a pragmatist, while Elon Musk remains a zealot.
- Scott Galloway predicts Musk will set records for both value creation and destruction.