WeWork Cofounder Neumann’s New Startup Sounds Like One He Invested in in 2020
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Re: WeWork Cofounder Neumann’s New Startup Sounds Like One He Invested in in 2020
#2It seems like he had his eyes set on a majority stake in Alfred but wasn’t able to get it and replicated the company anyways.
It’s common to buy a company and scale it up as opposed to building one from scratch (a recent example is Travis Kalanick of Uber fame buying and scaling up CloudKitchens).
But, Neumann still having shares in Alfred constitutes a conflict of interest. If you ask me, he probably wants to outcompete the startup with his hefty funding and buy it on the cheap.
Re: WeWork Cofounder Neumann’s New Startup Sounds Like One He Invested in in 2020
#3Not sure why anyone would give this guy money after the WeWork fiasco. I'm betting neither this company nor flowcarbon (his wired carbon credits crypto company) will be successful in the long term or be as impactful as WeWork was.
Re: WeWork Cofounder Neumann’s New Startup Sounds Like One He Invested in in 2020
#4Not sure why anyone would give this guy money after the WeWork fiasco. I'm betting neither this company nor flowcarbon (his wired carbon credits crypto company) will be successful in the long term or be as impactful as WeWork was.
What in the name of heavens is a "wired carbon credits crypto company"?
Re: WeWork Cofounder Neumann’s New Startup Sounds Like One He Invested in in 2020
#5Not sure why anyone would give this guy money after the WeWork fiasco. I'm betting neither this company nor flowcarbon (his wired carbon credits crypto company) will be successful in the long term or be as impactful as WeWork was.
What in the name of heavens is a "wired carbon credits crypto company"?
I think they meant weird.
Re: WeWork Cofounder Neumann’s New Startup Sounds Like One He Invested in in 2020
#6It seems like he had his eyes set on a majority stake in Alfred but wasn’t able to get it and replicated the company anyways. It’s common to buy a company and scale it up as opposed to building one from scratch (a recent example is Travis Kalanick of Uber fame buying and scaling up CloudKitchens). But, Neumann still having shares in Alfred constitutes a conflict of interest. If you ask me, he probably wants to outcom…
Aren't Tesla and SpaceX both examples?
Re: WeWork Cofounder Neumann’s New Startup Sounds Like One He Invested in in 2020
#7[deleted]
Re: WeWork Cofounder Neumann’s New Startup Sounds Like One He Invested in in 2020
#8It seems like he had his eyes set on a majority stake in Alfred but wasn’t able to get it and replicated the company anyways. It’s common to buy a company and scale it up as opposed to building one from scratch (a recent example is Travis Kalanick of Uber fame buying and scaling up CloudKitchens). But, Neumann still having shares in Alfred constitutes a conflict of interest. If you ask me, he probably wants to outcom…
Aren't Tesla and SpaceX both examples?
Tesla, yes. SpaceX, no…Musk founded that one himself.
Re: WeWork Cofounder Neumann’s New Startup Sounds Like One He Invested in in 2020
#9Am I weird for finding housing companies like Alfred and Flow extremely creepy and intrusive?
Maybe I'm just becoming a boomer, but the last thing I'd want when I come back home is to open up some app and "connect" with neighbors.
Re: WeWork Cofounder Neumann’s New Startup Sounds Like One He Invested in in 2020
#10Not sure why anyone would give this guy money after the WeWork fiasco. I'm betting neither this company nor flowcarbon (his wired carbon credits crypto company) will be successful in the long term or be as impactful as WeWork was.
In the words of Matt Levine:
> An important running theme of this column is that one of the best things you can do for your financial career is lose a billion dollars. This is not necessarily actionable advice, for most people; it requires someone trusting you with a billion dollars to lose. But if you ever do find yourself in a position where you can lose a billion dollars of someone else’s money, and you do it, that could open up a lot of doors to you. Losing a billion dollars tends to be a high-profile affair; it will definitely get your name out there. People will be impressed that you were entrusted with a billion dollars, and that you took a big swing and lost it. And they will assume that you learned important lessons and, next time, won’t lose it.