a thoughtful web.
Good ideas and conversation. No ads, no tracking.   Login or Take a Tour!
comment
kleinbl00  ·  1638 days ago  ·  link  ·    ·  parent  ·  post: "Yeah it's still water:" a tale of Texas Instruments

Adam Neumann ran up five.hundred.million.dollars in debt ahead of WeWork's IPO. As part of making him go away so they could douse the flames and cut the carcass up for dogfood, Softbank waved their hands and made that debt go away. They're also gonna let him sell the shares he has in the company for $200m.

Adam Neumann is going to make seven.hundred.million.dollars for losing more money as a landlord than anyone in the history of rent.

Elizabeth Holmes batted her eyes at her next door neighbor and convinced him she could revolutionize blood chemistry after one semester of Chem 101 at Stanford. Investors piled eight.hundred.million dollars into it not because they understood how it worked, but because they knew someone who said it would work and that they could sell it for more to someone else.

Travis Kalanick convinced people to give him twenty.five.billion dollars on the idea that you don't have to follow livery laws.

Now you know where that money comes from.