Eliot Brown | WeWork, Adam Neumann, and the Great Startup Delusion

"One of the things I learned is how reckless people with enormous sums are." -Eliot Brown



Eliot Brown is the author of the Wall Street Journal Bestseller: The Cult of We: WeWork, Adam Neumann, and the Great Startup Delusion



Eliot was also my college roommate, and I have heard for many years the inside scoop of this crazy story about the rise and fall of WeWork, and the craziness of how much money is thrown at startups in Silicon valley, even while they lose millions of dollars



What you’ll learn in this episode:



* How did WeWork reach such incredible heights of valuation * How startups are valued for private investments* How Venture Capital Works* How did Wework Fall?* Why so much money is competing to invest in startups* Why do companies spend so much money to acquire customers



Quotes



"Typically, if you put up all the money, the founder doesn't own all of the company -- the industry own the company." -Eliot Brown"Most of the years of its existence, Wework was just a co-working space, now it is more like a real estate company." -Eliot Brown"I think Adam Neumann was living in a world that wasn't real." -Eliot Brown"One of the things I learned is that how reckless and careless people with enormous sums are." -Eliot Brown"Adam Neumanm is a sales person, that's all he is." -Eliot Brow"I'm largely baffled by this broad perception of the media." -Eliot Brown"I literally get nauseous when I have a correction on a story." -Eliot Brown"Our job as journalists is to find the truth and that is what motivates us." -Eliot Brown



Continue the adventure:



The Cult of We: WeWork, Adam Neumann, and the Great Startup Delusion



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