behind the brand was a huge con miguel got caught up in it i know that he is a part of a new company that does good things for poc, but i would never trust his judgement
Good question...and I would say that no one can predict the future perfectly but I remember the Great Recession in 2008 very well. It was a time when I didn't want a long-term office contract because the economy was so volatile. I also craved more collaborative spaces and opportunities. If we hit another hard recession I'd say WeWork from a biz model standpoint is positioned win. Their management chops and mass cash investments in real estate globally are another story. For that reason I would not invest when/if they do their IPO. Too risky IMHO.
@@BehindtheBrand It is fairly standard to link the package to the business ongoing success so the hundreds of millions would be in shares and options - I think the company has been struggling through covid so I don't think they are worth all that now
Where's the security in these places? Have laptop will travel. Without laptops this company would never have got anywhere. Reminds me of fly by night sales companies who would do interviews in hotel lobbies because they gave them an air legitimacy because they couldn't afford offices.
@@BehindtheBrand no, it wasnt. the biz model was unsustainable. btw, all those people who can be seen passing by the office, or standing outside talking...were directed to do it by adam. you got taken in by the con
Who’s here after WeCrashed on AppleTV?
yeh and damn that dude looks just like the actor
Me
I love WeWork offices. Speaking as a subscriber.
Dec 2019 this interview seems projected back to a distant past
Amazing!
Nice effort
We broke !
The real story? Wonder how proud this youtuber is of this video.
Nice!
Very interesting questions.
Thank you Hirdeep
so nice
behind the brand was a huge con
miguel got caught up in it
i know that he is a part of a new company that does good things for poc, but i would never trust his judgement
This didn't age well, did it...
@@BehindtheBrand not your fault.
How about this question? What happens to this company during a hard recession?
Good question...and I would say that no one can predict the future perfectly but I remember the Great Recession in 2008 very well. It was a time when I didn't want a long-term office contract because the economy was so volatile. I also craved more collaborative spaces and opportunities. If we hit another hard recession I'd say WeWork from a biz model standpoint is positioned win. Their management chops and mass cash investments in real estate globally are another story. For that reason I would not invest when/if they do their IPO. Too risky IMHO.
@@BehindtheBrand what about now? Lol
@@Sanglierification pretty poorly investors are looking to reneg in light of covid
If you had a drink 🥃 for every time Miguel said “Um” you’d be dead.
16:00 Nice
Nice 👍
thanks
Excellent story.
Rasma Kabore thanks for watching!
I guess someone's back living with mom now!
Ha! No this episode didn't age well...but unfortunately i believe the WeWork founders exited (in disgrace) with hundreds of millions
@@BehindtheBrand It is fairly standard to link the package to the business ongoing success so the hundreds of millions would be in shares and options - I think the company has been struggling through covid so I don't think they are worth all that now
@@sophocles8761 Forbes still estimates Miguel’s net worth at $900m and Neumann’s at $1.4B. They did ok!
@@Zeppelin180 except they will be drowning in billion dollar law suits -
@@sophocles8761 I’m not sure what lawsuits you are referring to. The major ones were settled by SoftBank early last year.
Me!!
Excellent story / interview and a great brand!
This aged well.
Everybody can work on a computer anywhere, anytime for free, sit and use your Lap. Not a big deal.
Won’t be as effective though if it’s anywhere
24:45 Or, to set up the Christmas tree during the holidays, because your lazy-ass co-workers won't! :)
This is not an origin story just the average interview.
lol
Where's the security in these places? Have laptop will travel. Without laptops this company would never have got anywhere. Reminds me of fly by night sales companies who would do interviews in hotel lobbies because they gave them an air legitimacy because they couldn't afford offices.
If you are going to bullshit , bullshit big. That yellow tape is the most prophetic part of the video. KEEP OUT it says
This didn’t age well
too bad, it was a good business
@@BehindtheBrand no, it wasnt. the biz model was unsustainable. btw, all those people who can be seen passing by the office, or standing outside talking...were directed to do it by adam. you got taken in by the con