Episode
#238 - Reeves Wiedeman - The Catastrophic Story Of WeWork
1:05:35
Published: Thu Oct 29 2020
Description
Reeves Wiedeman is an author and a Contributing Editor for New York Magazine. At one point, WeWork was one of the world's highest ever valued private companies. Now it's in free fall. Expect to learn why WeWork was so overvalued, where it got all it's capital from, the fundamental flaw in the business model, how personality & charm can overcome objections, what we can learn from Silicon Valley's biggest failures and much more... Sponsor: Get Surfshark VPN at https://surfshark.deals/MODERNWISDOM (Enter promo code MODERNWISDOM for 83% off and 3 Months Free) Extra Stuff: Buy Billion Dollar Loser - https://amzn.to/33Nn2lI Follow Reeves on Twitter - https://twitter.com/reeveswiedeman Get my free Ultimate Life Hacks List to 10x your daily productivity → https://chriswillx.com/lifehacks/ To support me on Patreon (thank you): https://www.patreon.com/modernwisdom - Get in touch. Join the discussion with me and other like minded listeners in the episode comments on the MW YouTube Channel or message me... Instagram: https://www.instagram.com/chriswillx Twitter: https://www.twitter.com/chriswillx YouTube: https://www.youtube.com/ModernWisdomPodcast Email: https://www.chriswillx.com/contact
Chapters
This episode discusses the reasons behind the catastrophic downfall of WeWork, including overvaluation, funding sources, flawed business model, and more.
00:00 - 00:57 (00:57)
Summary
This episode discusses the reasons behind the catastrophic downfall of WeWork, including overvaluation, funding sources, flawed business model, and more. The conversation also touches on the impact of personality and charm in overcoming objections, lessons from Silicon Valley's failures, and related topics.
Episode#238 - Reeves Wiedeman - The Catastrophic Story Of WeWork
PodcastModern Wisdom
The podcast discusses the research done on WeWork, a high growth unicorn startup, which flamed out and other companies in the same category still flourishing.
00:57 - 05:34 (04:37)
Summary
The podcast discusses the research done on WeWork, a high growth unicorn startup, which flamed out and other companies in the same category still flourishing. It also defines unicorn startups and private valuations given by private investors.
Episode#238 - Reeves Wiedeman - The Catastrophic Story Of WeWork
PodcastModern Wisdom
Over the past decade, billion dollar scooter companies like Bird have emerged, bringing Silicon Valley's startup culture to the real world.
05:34 - 12:53 (07:19)
Summary
Over the past decade, billion dollar scooter companies like Bird have emerged, bringing Silicon Valley's startup culture to the real world. However, this has put these companies in an unusual position since they often avoided dealing with the real world in the past.
Episode#238 - Reeves Wiedeman - The Catastrophic Story Of WeWork
PodcastModern Wisdom
WeWork started as a simple business to lease out office spaces but eventually became a community company under the mission statement of elevating the world's consciousness.
12:53 - 19:38 (06:44)
Summary
WeWork started as a simple business to lease out office spaces but eventually became a community company under the mission statement of elevating the world's consciousness. However, its spectacular IPO failure in 2019 revealed a distorted story of its rise and fall.
Episode#238 - Reeves Wiedeman - The Catastrophic Story Of WeWork
PodcastModern Wisdom
The compulsion to watch events like the WeWork and Fyre Festival documentaries is due to the intrigue of true-life horror stories.
19:38 - 25:54 (06:15)
Summary
The compulsion to watch events like the WeWork and Fyre Festival documentaries is due to the intrigue of true-life horror stories. Both cases demonstrate disastrous consequences from grandiose and fraudulent behavior on a large scale.
Episode#238 - Reeves Wiedeman - The Catastrophic Story Of WeWork
PodcastModern Wisdom
The podcast discusses the WeWork scandal and the impact of questionable business practices on the perception of capitalism and unicorn companies, as well as the potential for a new conglomerate of tech companies focused on AI.
25:54 - 38:47 (12:52)
Summary
The podcast discusses the WeWork scandal and the impact of questionable business practices on the perception of capitalism and unicorn companies, as well as the potential for a new conglomerate of tech companies focused on AI.
Episode#238 - Reeves Wiedeman - The Catastrophic Story Of WeWork
PodcastModern Wisdom
This podcast episode discusses the high risk tolerance of WeWork's former CEO, Adam Newman, that led to the creation and success of the company, but also ultimately caused its downfall.
38:46 - 48:58 (10:11)
Summary
This podcast episode discusses the high risk tolerance of WeWork's former CEO, Adam Newman, that led to the creation and success of the company, but also ultimately caused its downfall.
Episode#238 - Reeves Wiedeman - The Catastrophic Story Of WeWork
PodcastModern Wisdom
In this podcast, they discuss the common threads between scammer CEOs and how they weave together into a particular type of person.
48:58 - 56:58 (08:00)
Summary
In this podcast, they discuss the common threads between scammer CEOs and how they weave together into a particular type of person. They also discuss the example of WeWork and their refusal to acknowledge that they were a real estate company.
Episode#238 - Reeves Wiedeman - The Catastrophic Story Of WeWork
PodcastModern Wisdom
The ease with which people can become famous, successful or wealthy today has changed the way people view success and achievement.
56:58 - 1:03:10 (06:12)
Summary
The ease with which people can become famous, successful or wealthy today has changed the way people view success and achievement. The availability of reality TV shows has seemingly allowed anyone to become famous overnight, fostering a culture of skepticism and disbelief in the idea of meritocracy.
Episode#238 - Reeves Wiedeman - The Catastrophic Story Of WeWork
PodcastModern Wisdom
The speaker promotes his ultimate life hacks list at ChrisWillX.com/lifehacks and SurfShark.deals/modernwisdom for accessing Netflix and secure browsing.
1:03:10 - 1:05:33 (02:23)
Summary
The speaker promotes his ultimate life hacks list at ChrisWillX.com/lifehacks and SurfShark.deals/modernwisdom for accessing Netflix and secure browsing.