See this as an organized crime. People, especially investors, that want to associate with this crook should be seen as criminals going after someone else's money.
Why is Ben backing a multi billion dollar failure? No one will buy into such a "wrapper" idea. Repackaging a concept called renting a home disrupts nothing. 😂 I remember all the hype about Clubhouse. That was nothing but deploying a third party video tool from China. Not even sure if Clubhouse is worth the $4b Marc claimed it was worth. They have a pump and dump strategy. Pump hot hair and get the next big fool to buy over at inflated prices.
I understand that as VC firm funds that grow beyond AUM $1B have a real challenge to create returns as there is simply not sufficient “exitable” unicorns to support the 25%+ IRR promised to LP investors. So the possible reactions are to go deep and broad, reducing the previous rigor around due diligence, or move into more traditional PE investments. This is an example of both. However, the optics of blank check writing to a one of the decade’s biggest grifters, and/or incompetent operators, is just not good. If it is purely economic motivated, then it shows a16z is really a soulless operation. Or, Adam has a database of compromising videos.
I'm with you, but I wouldn't bet against Ben. His insights are right more often than not. That said, I wouldn't invest a quarter in Neumann. No effin way.
The only thing I found: "Neumann will officially launch the first property under the Flow banner early next year, Insider reported. The 639-unit Society Las Olas property in Fort Lauderdale is already owned by the startup, home to residents and a plethora of staff."
I know less about Flow after he explains it than before. Branding, 1 app vs. 5 apps, community Kumbaya. Didn’t he try that at Weworks with beer and shots of tequila? Now he pivots to Sunday morning yoga. I wouldn’t buy a hot dog from this guy if he swore it was Kosher.
serial entrepreneur... more like serial bullshiter and serial snake salesman. he's good at talking crap. that's all... the dude literally "sells" normal existing concepts and try to wrap them up into some bs philosophies. I cant believe so many in business are so gullible. so many guys like this out there.. it's all about getting big money, and spending big money, basically just spinning money, without doing anything remotely useful. bunch of scammers!
If I can, though no supporter, I feel it’s unfair to keep painting Adam Neumann in the same brush with Elizabeth Holmes, Madoff, SBF etc. Those three lied about products, and lied about their customers and defrauded investors etc. Adam’s fatal flaw was he tried to bring tech scalability to an unscalable sector. His flaw is a bad business model (or rather, a good business model, but just not meant for the velocity and scalability he was trying to make it into). He wasn’t a fraud, nor lied to investors or customers. And it seems dishonest to group a guy whose failure was “bad business model” with the others just because all them failed.
Defrauded may be too strong, but the list of missteps and very questionable conflicts of interest indicate a pattern of dishonesty: massive purposeful valuation inflation, personally buying real estate ahead of Wework expansion and then leasing back to the company, attempting to sell the trademark "We" to the company, erratic spending and overall irresponsibility in managing investor money, nepotism, etc. There is no way you can look at this guy and not think he's a snake oil salesperson.
@@toddw5204 The sought maximum valuation is at the mercy of the wilful buyer after all - I see nothing wrong in seeking the greatest amount for both for self, company and shareholders. The owning of the brand and leasing to the company though possibly frowned on does happen (and I feel if it was the sole issue, would've more than likely been given a pass). However, the purchasing of real estate and leasing back to the company was definitely dishonest. And as such, WeWork couldn't go public because the wilful buyer in the market not only did not want to purchase at the sought price, but aghast at the practises pushed back against their whole roadshow. The market dealt with Adam. Personal opinion: I do feel if Covid had not happened, WeWork would have still been looked at with rose-tints and their IPO though pushed back, could've still have been a success. The housing real-estate handwash is definitely dishonest. Dishonest I can agree with. But fraudulent/conman is just an unfair characterisation. Any WeWork customer would tell you they enjoyed the product that the business was offering.
Checkout 9:32 , What is flow? Am gonna do a short version of flow today, but, on a very high level.... red flags instantly. What happened to if you can't explain what your company does in 30 seconds, you're clearly bullshitting.
![กี่หมื่นฟ้า | Your Sky Series EP.1 [1/4]](http://i.ytimg.com/vi/vLGjxFL6U_I/mqdefault.jpg)
The fact that they have this guy on a stage is hilarious to me. I’m honestly laughing my ass off.
Ah yes, the guy who is one of the biggest grifters in modern business history, back again with an even better idea.
VCs are grifters too my friend haha
Fair @@OnionKnight541
And a16z funded him again.
He wouldn’t have gotten this far without idiotic and bloated financial giants like SoftBank.
This is a slap in the face of people trying to grow legitimate businesses . This bullshit idea doesn't add any value to the World
Face wash! That's what I forgot to get at the store earlier. Thank you!
Cringe - this guy gave me the creeps from day one. I don’t trust anything about him. Also, didn’t he basically take this idea from someone else?
See this as an organized crime. People, especially investors, that want to associate with this crook should be seen as criminals going after someone else's money.
And az16 holds 35 billion AUM...investors, think to whom you are giving money to
God this guy is a tool box. Grant Cardone called and wants his business idea back 😂
Snake oil salesman 🐍
$350m of his own money hahaha
Why is Ben backing a multi billion dollar failure? No one will buy into such a "wrapper" idea. Repackaging a concept called renting a home disrupts nothing. 😂
I remember all the hype about Clubhouse. That was nothing but deploying a third party video tool from China. Not even sure if Clubhouse is worth the $4b Marc claimed it was worth. They have a pump and dump strategy. Pump hot hair and get the next big fool to buy over at inflated prices.
I understand that as VC firm funds that grow beyond AUM $1B have a real challenge to create returns as there is simply not sufficient “exitable” unicorns to support the 25%+ IRR promised to LP investors. So the possible reactions are to go deep and broad, reducing the previous rigor around due diligence, or move into more traditional PE investments. This is an example of both.
However, the optics of blank check writing to a one of the decade’s biggest grifters, and/or incompetent operators, is just not good. If it is purely economic motivated, then it shows a16z is really a soulless operation. Or, Adam has a database of compromising videos.
I'm with you, but I wouldn't bet against Ben. His insights are right more often than not. That said, I wouldn't invest a quarter in Neumann. No effin way.
WeWork is dead..and so will this new hot air idea.😅
I wouldn’t doubt this team. Adam has learned a lot since WeWork and the A16Z team knows what they’re doing.
As if we needed another reason to think a16z are a bunch of grifters...
Say what you will, i’d buy Adam’s pen
anybody knows where is this Miami location? I happen to live here now..
The only thing I found: "Neumann will officially launch the first property under the Flow banner early next year, Insider reported. The 639-unit Society Las Olas property in Fort Lauderdale is already owned by the startup, home to residents and a plethora of staff."
How in the f'in world am I watching this ....
WERE SO BACK BABY😊
I know less about Flow after he explains it than before. Branding, 1 app vs. 5 apps, community Kumbaya. Didn’t he try that at Weworks with beer and shots of tequila? Now he pivots to Sunday morning yoga. I wouldn’t buy a hot dog from this guy if he swore it was Kosher.
Lost me at “350M of HIS OWN MONEY” 🤣
Uploaded 2 months ago? Actually quite disconcerting that this guy gets airtime after all he has done
serial entrepreneur... more like serial bullshiter and serial snake salesman. he's good at talking crap. that's all... the dude literally "sells" normal existing concepts and try to wrap them up into some bs philosophies. I cant believe so many in business are so gullible. so many guys like this out there.. it's all about getting big money, and spending big money, basically just spinning money, without doing anything remotely useful. bunch of scammers!
AN; "Redefining the concept of failure, one failure at a time"!
this guy is absolute amazing.....he is the new messiah in real estate and his idea could solve the US housing crisis
What a joke.
Ah yes, the guy who ......
If I can, though no supporter, I feel it’s unfair to keep painting Adam Neumann in the same brush with Elizabeth Holmes, Madoff, SBF etc. Those three lied about products, and lied about their customers and defrauded investors etc. Adam’s fatal flaw was he tried to bring tech scalability to an unscalable sector. His flaw is a bad business model (or rather, a good business model, but just not meant for the velocity and scalability he was trying to make it into). He wasn’t a fraud, nor lied to investors or customers. And it seems dishonest to group a guy whose failure was “bad business model” with the others just because all them failed.
Great point. Most people love Wework. They just overspent
Defrauded may be too strong, but the list of missteps and very questionable conflicts of interest indicate a pattern of dishonesty: massive purposeful valuation inflation, personally buying real estate ahead of Wework expansion and then leasing back to the company, attempting to sell the trademark "We" to the company, erratic spending and overall irresponsibility in managing investor money, nepotism, etc. There is no way you can look at this guy and not think he's a snake oil salesperson.
@@toddw5204 The sought maximum valuation is at the mercy of the wilful buyer after all - I see nothing wrong in seeking the greatest amount for both for self, company and shareholders. The owning of the brand and leasing to the company though possibly frowned on does happen (and I feel if it was the sole issue, would've more than likely been given a pass).
However, the purchasing of real estate and leasing back to the company was definitely dishonest. And as such, WeWork couldn't go public because the wilful buyer in the market not only did not want to purchase at the sought price, but aghast at the practises pushed back against their whole roadshow. The market dealt with Adam. Personal opinion: I do feel if Covid had not happened, WeWork would have still been looked at with rose-tints and their IPO though pushed back, could've still have been a success.
The housing real-estate handwash is definitely dishonest.
Dishonest I can agree with. But fraudulent/conman is just an unfair characterisation. Any WeWork customer would tell you they enjoyed the product that the business was offering.
No tequila shots?
Checkout 9:32 , What is flow? Am gonna do a short version of flow today, but, on a very high level.... red flags instantly. What happened to if you can't explain what your company does in 30 seconds, you're clearly bullshitting.
Actually, officially, initially, lol
Epic conman. Jokes on A16z.
Lmaooooo
I don't understand why the fck this happened
Woah
This is disgusting.
Such a charming fraudster
Hahaha ha. This is hilarious 😂
Fool you twice... lol
Adam is the best!
what a hack…
Great guy how to take $47billion and make it $0
What a joke