GOOD MORNING NOSTR, A LOT CAN BE LEARNED FROM THE DISASTER THAT WAS WEWORK.
MANY WARNING SIGNS PEOPLE IGNORED.
- BOOST TOP LINE REVENUE NOT PROFIT
- RUSH TO IPO
- CULT CEO
https://m.primal.net/HZNd...
@ODELL THIS IS TRUE ABOUT EVERY SINGLE VENTURE /PRIVATE EQUITY INVESTMENT OF THE LAST 20 YEARS. THE ENTIRE PRIVATE FUND MODEL ONLY CARE ABOUT THE EXIT. VENTURES EXIT TO PE, PE EXITS TO PUBLIC. IN RATE CASES, LIKE WEWORK, VENTURE TRIES TO GO STRAIGHT TO PUBLIC EXITS…AND YOURE RIGHT, THEY USUALLY FAIL THE MOST SPECTACULARLY.
BITCOIN SUCCESS ENDS THE FUND MODEL. FUNDS AND EXITS ARE ARTIFACTS OF FIAT.
BITCOIN SUCCESS ENDS THE FUND MODEL. FUNDS AND EXITS ARE ARTIFACTS OF FIAT.