In looking at “things” I am always surprised that nobody seems to be able to find the “worst” companies out there. It seems like that should be an easy task.
I am not talking about companies that fail quickly in their infancy because the market spits the bit on their idea, but companies who fail because their monumental “success” is built on a foundation of feces. [In this instance, we are talking only $250,000,000 in funding, not quite WeWork $$$.]
Case in point? WeWork which was spotted from its genesis (by those who had a smidgen of real world, commercial estate knowledge) as a horribly bastardized nightmare in an industry that has been around forever — FOREVER.
I wrote about the company, WeWork, some time ago.
I was critical at the time of its Messianic founder and his “real estate as a service” mantra. In retrospect, I could have been more critical and I was pretty damn critical. Continue reading