I gotta speak up for capitalism here (which is mostly a glorified lifehack about how to allocate material resources). It has no chance to work when the "market" is a few hundred investors deciding what to fund based on pitches. WeWork is a classic failure mode of central planninghttps://twitter.com/The_Law_Boy/status/1186643884547493894 …
-
-
The social cost of WeWork is not just the employees who got a raw deal, but the hundreds of thousands of successful tech businesses this money could have launched and didn't. Part of the reason innovation is dead in tech is that you have to compete against bros with free money.
Show this threadThanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Do VCs get 2% and 20% like hedge funders, or are they required to have skin in the game?
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
It's mid-decade US Federal Reserve QE money still sloshing around between banks and unicorns.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Japanese pension funds and the Saudi government mostly
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Saudi Arabia, Japanese pension funds, Softbank, mostly.https://twitter.com/jwiechers/status/1186688253287653377?s=19 …
-
So Adam Neumann tricked a bunch of Saudi Oil Sheiks into subsidizing office space for American startups and walked away with a billion dollars of their money? In any other age this would be a fairy tale.
End of conversation
New conversation -
-
-
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.