WeWork and its collapse is more ‘black swan’ than unicorn
While it could be argued that WeWork’s decline was predictable, few expected it to implode on this scale
07 November 2019 - 13:42
SoftBank’s WeWork debacle is unlikely to be repeated. It also means that for the Vision Fund to deliver venture capital-size returns, it’ll need to rely on singles and doubles instead of hitting home runs.
That’s not because Masayoshi Son has learnt his lesson. His defiance at an investor conference on Wednesday, including almost an hour spent justifying the WeWork investment, tells me that SoftBank’s chair hasn’t changed...
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