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How a Hot $100 Million Design Startup Collapsed Overnight
When Neumann told them WeWork was like Uber and Airbnb, the investors focused on the few parallels between those businesses rather than numerous fundamental differences, including how Airbnb and Uber are asset light and don’t have costly fifteen-year leases for their homes and cars.
Maureen Farrell • The Cult of We: WeWork, Adam Neumann, and the Great Startup Delusion
I met Bruno Haid in a cafe that Igor Schwarzmann could have been describing, an austere garage in Williamsburg, Brooklyn, full of blonde wood, understated leather furniture, and motorcycle gear, which the shop also sells. Haid is the founder of Roam, an international "co-living" startup that promises its users — "Roamers" — the ability to move... See more
Kyle Chayka • How Silicon Valley helps spread the same sterile aesthetic across the world
There are some phenomenal products in some of the companies that were overfunded and are haunted by past decisions. The valuations at which these companies raised capital set them on the wrong path - a path that fails to attract and reward critical talent, a path that incentivizes excess expenditure for growth at the expense of structuring a... See more