I'm so glad I read hacker news. I almost took a job at WeWork just 2 months ago with a recruiter working very hard to convince me I'd be rich when they IPO. Now I'm at a much smaller startup called Weave which is a really phenomenal place to work. I didn't discover until recently that it's also a YCombinator company. edit: to clarify, hacker news has been extremely skeptical of WeWork for some time, due to this, I wa…
WeWork’s Adam Neumann Steps Down as CEO
181–190 of 551 posts
Re: WeWork’s Adam Neumann Steps Down as CEO
#182Personally I’ve always found that libertarian ethos in support of crappy things, like shitty schools and tobacco, and opposed to nice things, like healthy kids, frustrating. Like on the one hand there’s a kind of engineer who finds the most abstract IT infrastructure so stimulating, something totally removed from actual concrete stuff with even an iota of moral, emotional or socioeconomic consequence. But then when the schadenfreude gets going, an emotion that these supposedly stoic people seem to have in spades, they have opinions about fucking everything. And then when it comes to hills to die on, they finally choose to die on the Hill of Nicotine.
So like sure, say no to some recruiter. But if you trust the aggregate opinions of people on this board, with its profound adverse selection, get ready to be disappointed.
Re: WeWork’s Adam Neumann Steps Down as CEO
#183I had concerns earlier this year when I interviewed at WeWork—which was the worst interview experience I’ve ever had. I applied for a data science role. The first two hours of the on-site were painful—they seemed to be asking questions tailored to be outside my experience. The third interviewer came into the room and said, “I, uh, just looked at your resume and I have to ask, why do you want to be a backend engineer?…
WeWork is basically a real estate company. Why would they need a data science engineer?
Re: WeWork’s Adam Neumann Steps Down as CEO
#184Earlier quoted context omitted.
In a traditional IPO, there is generally a 90-180 day lockup period for existing shareholders (to prevent shares from flooding the market on day 1). This is one of the big benefits of a direct listing (see Spotify/Slack)...any shareholder can sell stock on day one.
> to prevent shares from flooding the market on day 1 These are common, but I don't think they apply to all share classes, so the big boys are free to get their money out.
Re: WeWork’s Adam Neumann Steps Down as CEO
#185This is some dense shit. I can't imagine how working for WeWork feels like, right now. I have worked for companies where all the employees were eagerly waiting for the day the company will go public. It was seen as a pivotal moment both financially and professionally. In any rational world that's a landmark moment. A significant milestone for founders, investors and early employees. For WeWork it has been the complet…
WeWork has been an obvious fuckup to even casual observers for years, if people inside the company couldn't see this I really don't know what to say.
Re: WeWork’s Adam Neumann Steps Down as CEO
#186Earlier quoted context omitted.
They were always a real estate company, they just didn't get to IPO under the SV hype because as it got closer people looked closer at the company and realized the valuation was ridiculous and the CEO was lining his own pockets acting as landlord to his own company. Now that that's happened and it's all come out he has to step down.
the way you described it, it's like a cult lost its leader
Re: WeWork’s Adam Neumann Steps Down as CEO
#187I had concerns earlier this year when I interviewed at WeWork—which was the worst interview experience I’ve ever had. I applied for a data science role. The first two hours of the on-site were painful—they seemed to be asking questions tailored to be outside my experience. The third interviewer came into the room and said, “I, uh, just looked at your resume and I have to ask, why do you want to be a backend engineer?…
WeWork is basically a real estate company. Why would they need a data science engineer?
Re: WeWork’s Adam Neumann Steps Down as CEO
#188Earlier quoted context omitted.
WeWork is basically a real estate company. Why would they need a data science engineer?
My guess is to model the supply of available real estate and demand for scalable office space and then optimize their leases accordingly.
Re: WeWork’s Adam Neumann Steps Down as CEO
#189Wow does a day not go by that we get new news of wework falling apart?
WeWork is an easy target. It's like no matter what they do, they're getting shot at.
To say that "they were asking for it" would be a huge understatement. The night shift janitor of the building two blocks down from their offices would have called this.
Re: WeWork’s Adam Neumann Steps Down as CEO
#190I'm guessing the "Non-Executive Chairman" position will just be a temporary one until they can come to agreement on how much money they need to pay him to go away. Professor Galloway called this the other day. His next prediction is that We will sell off all the bullshit vanity projects like WeLive and WeGrow along with the other nonsense Adam bought (like the wave pool company so he can practice surfing at work). Th…
Is this true or an exaggeration? I couldn't find anything on it.
It was published on Friday and so far he is knocking it out of the park with these predictions.