For more episodes: https://www.youtube.com/playlist?list=PLqq4LnWs3olUarg-55iGQ821OKR1gtBF-
Part 5:
Adam Neumann always had wild ambitions. By 2017, he had found an even wilder investor who wanted to fund those ambitions: SoftBank CEO Masayoshi Son. Adam spent his billions from SoftBank on competitive tactics, seemingly random investments, and even an elementary school. In this episode, reporter Ellen Huet explores why this free-wheeling spending was so odd: Adam knew this was a bad idea. In exclusive recordings from internal meetings in 2016, he warned his employees that they had to cut back on WeWork's "spending culture." But once the money poured in, it appeared like he forgot his own advice.
For more Bloomberg Podcasts, visit http://www.bloomberg.com/podcasts
Subscribe to Foundering on:
Apple Podcasts https://podcasts.apple.com/us/podcast/foundering/id1161880916
Spotify https://open.spotify.com/show/6hETi9oBd26vc0bRgXYN5W
#WeWork #Startups #BloombergPodcasts
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QuickTake Originals is Bloomberg's official premium video channel. We bring you insights and analysis from business, science, and technology experts who are shaping our future. We’re home to Hello World, Giant Leap, Storylines, and the series powering CityLab, Bloomberg Businessweek, Bloomberg Green, and much more.
Subscribe for business news, but not as you've known it: exclusive interviews, fascinating profiles, data-driven analysis, and the latest in tech innovation from around the world.
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Part 5:
Adam Neumann always had wild ambitions. By 2017, he had found an even wilder investor who wanted to fund those ambitions: SoftBank CEO Masayoshi Son. Adam spent his billions from SoftBank on competitive tactics, seemingly random investments, and even an elementary school. In this episode, reporter Ellen Huet explores why this free-wheeling spending was so odd: Adam knew this was a bad idea. In exclusive recordings from internal meetings in 2016, he warned his employees that they had to cut back on WeWork's "spending culture." But once the money poured in, it appeared like he forgot his own advice.
For more Bloomberg Podcasts, visit http://www.bloomberg.com/podcasts
Subscribe to Foundering on:
Apple Podcasts https://podcasts.apple.com/us/podcast/foundering/id1161880916
Spotify https://open.spotify.com/show/6hETi9oBd26vc0bRgXYN5W
#WeWork #Startups #BloombergPodcasts
--------
Like this video? Subscribe: http://www.youtube.com/Bloomberg?sub_confirmation=1
QuickTake Originals is Bloomberg's official premium video channel. We bring you insights and analysis from business, science, and technology experts who are shaping our future. We’re home to Hello World, Giant Leap, Storylines, and the series powering CityLab, Bloomberg Businessweek, Bloomberg Green, and much more.
Subscribe for business news, but not as you've known it: exclusive interviews, fascinating profiles, data-driven analysis, and the latest in tech innovation from around the world.
Visit our partner channel QuickTake News for breaking global news and insight in an instant.
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