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The Conversation USA

The Conversation USA

WeWork debacle exposes why investing in a charismatic founder can be dangerous

  • Written by Greg Putnam, Lecturer in Finance, University of North Carolina Wilmington
WeWork wanted to be a lot more than a shared workspace. rblfmr/Shutterstock.com

WeWork went from unicorn darling with a nearly US$50 billion valuation to a cautionary tale for gullible investors worth just $8 billion in a matter of months. It did so in part by wrapping its real estate sublet business in the cloak of a tech startup destined to...

Read more: WeWork debacle exposes why investing in a charismatic founder can be dangerous

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