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Will Adam Neumann Fail Again? ($1 B Value, No Product!) 

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30 окт 2024

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Комментарии : 2,3 тыс.   
@samaeltheundying
@samaeltheundying 2 года назад
Having this dude influencing the housing RENTAL market and in my everyday life sounds like a dystopian nightmare.
@DacLMK
@DacLMK 2 года назад
Everything is a dystopian nightmare to you people.
@minyaksayur
@minyaksayur 2 года назад
with a rising interest rate, his investors are downward stupid.
@PlayedbyInstinct
@PlayedbyInstinct 2 года назад
@@DacLMK to people on youtube..?
@5daboz
@5daboz 2 года назад
Grim gets dark.
@hoangle2483
@hoangle2483 2 года назад
@@DacLMK Adam's WeWork disaster was well documented. Not only that, that dude's behaviors were far from ethical and got heavily reprimanded by the finance and start ups communities. It's natural for everyone to feel skeptical about this investment.
@bad_money
@bad_money 2 года назад
The problem with a great majority of these "start-ups" is that they seem to like inventing problems to solve, instead of solving any actual problems.
@unnamed3893
@unnamed3893 2 года назад
Damn right. Loved your WeWork video btw!
@jessewinchester1829
@jessewinchester1829 2 года назад
Literally lol
@mac23806
@mac23806 2 года назад
Bingo you've just become woke
@BiigiieCheeese
@BiigiieCheeese 2 года назад
"tech" start ups are just like modern mathematics. solve cases and problems that have no real life value
@paulmahoney7619
@paulmahoney7619 2 года назад
@@BiigiieCheeese people thought imaginary numbers had no practical use for centuries, and then we found the schrondinger equation. It can take a long time to find a use for it, but pure math gives us the tools, and eventually we find a use. And unlike companies, pure math has never destroyed more money than 99% of us will see in a lifetime.
@aromagrande1914
@aromagrande1914 2 года назад
This company resonates exactly with "you will own nothing and you will be happy"
@k9killer221
@k9killer221 2 года назад
Exactly. This is pod world being implemented and that AZ16 company knows it.
@lynchjl
@lynchjl 2 года назад
No coincidence there I'm sure!
@mattbray_studio
@mattbray_studio 2 года назад
exactly what i thought, they know this is a market ripe for investment and disruption
@user-fk8zw5js2p
@user-fk8zw5js2p 2 года назад
"you will own nothing and pay for everything to be done for you and you will be happy because we own your money too"
@johnmaris1582
@johnmaris1582 2 года назад
Most people didn't own a farm, steel mine, tech factory, soap chemical plant and etc... Yet most people can get this product easily at affordable price. Private ownership is good but it's a mean to an end for efficiency and productivity, not the end of itself.
@Pouwmademedoit
@Pouwmademedoit 2 года назад
Flow's aim of "giving renters *_a sense_* of security, community and genuine ownership" says plenty about their real intentions.
@jarvisaddison8560
@jarvisaddison8560 2 года назад
Keyword is " sense"
@defaulted9485
@defaulted9485 2 года назад
Thank GOD some people noticed it. Was starting to lose hope that these kind of slogan and PR Speak gets too many passes.
@fakeplaystore7991
@fakeplaystore7991 2 года назад
Expect his to get tons of ESG money with that aim. You will own nothing and you will be happy (by having *a sense* of "security", "community", and "genuine ownership").
@Pushing_Pixels
@Pushing_Pixels Год назад
I wonder how much he'll pay himself for the trademark to his own company's name this time?
@unlucky-61
@unlucky-61 Год назад
@@Pushing_Pixels 2 B
@ParotandArmorfinish
@ParotandArmorfinish 2 года назад
So excited for Flow and its competitors to raise an unholy amount of money, buy out half the apartments in my area, triple the rent, and destroy the nations already shit rental market in like a year flat
@surfside75
@surfside75 Год назад
You nailed it. -no pun🙃✌
@goranagar4010
@goranagar4010 2 года назад
Also, "Disrupting the future of Living" probably means to Adam that instead of $270,000 dollar homes going for $520,000 they should be at least $850,000
@christinewatson1989
@christinewatson1989 2 года назад
"Disrupting the future of living" sounds ominous as hell.
@pieflies
@pieflies 2 года назад
Disrupting the ability of the general public to be able to afford their own house.
@lbgstzockt8493
@lbgstzockt8493 2 года назад
@@pieflies sounds like the market is already sufficiently disrupted.
@jamieferguson935
@jamieferguson935 2 года назад
Your house price is only double there? Wow you have got it lucky.
@bloodaid
@bloodaid 2 года назад
Did you say $1.3 million? Got it, $1.9 million.
@mikyhtx
@mikyhtx 2 года назад
This is great! I am looking forward to WeCrashed season 2.
@adamalilou
@adamalilou 2 года назад
Hahaha same!
@FictionHubZA
@FictionHubZA 2 года назад
I heard the second season has a crash bigger than the first.
@jivasche7345
@jivasche7345 2 года назад
I hope it doesn't happen. I want the new series be called Flop instead of WeCrashed season 2
@Project_1143M
@Project_1143M 2 года назад
@@jivasche7345 nah WeCrashed season 2 is better
@Chill2DMax
@Chill2DMax 2 года назад
Would WeFlowed be a better title?
@JamesHahnII
@JamesHahnII 2 года назад
His big idea is to be a real estate developer. Stunning.
@MuppetsSh0w
@MuppetsSh0w 2 года назад
Not even a developer but a landlord lol
@mjmulenga3
@mjmulenga3 2 года назад
Yes, but disruptively. 🤣🤣🤣
@StefanReich
@StefanReich 2 года назад
Nooo no no no. He is "rethinking the housing market by creating a branded product with consistent service and community features". Yeah. Whatever... that means.
@firehot006
@firehot006 2 года назад
But he has a nicer website and logo, so the company is worth billions.
@SecondTake123
@SecondTake123 2 года назад
Exactly!
@Windows98R
@Windows98R Год назад
I don’t need a “sense of genuine ownership”, I just want to own it. Ain’t that hard of a concept to understand.
@vvenkat111
@vvenkat111 Год назад
that is why you and I are thousandaires while Weedboy is attracting 2B$ golden parachutes and 350m$ seed funding.
@HülyeLó
@HülyeLó Год назад
@@vvenkat111 I still can't see the appeal of Weedboy. If I were a serious capital manager, I wouldn't touch that guy with a 10ft pole.
@thunder____
@thunder____ Год назад
@@vvenkat111 I think it's bold to even assume a stranger is a thousandaire these days. I personally know several people with Bachelor's degrees who usually have less than $100 to their name.
@Laotzu.Goldbug
@Laotzu.Goldbug Год назад
@@HülyeLó there is something 80% plus of these people have in common, and that level of nepotism and market control means you can continue to make profits for a very long time even when on the longest time scale you are destroying value and productivity. this is the essential nature of parasiteism. Small hats open big doors.
@23Agarwaen
@23Agarwaen 2 года назад
I'm calling it now: Flow will be basically a landlord with a smartphone app (so you can, e.g., order for a plumber). They'll ofcourse offer exorbitant leases for the privilege of "living in the future". They'll then try to pitch their app services to other landlords by getting a cut on the lease.
@HarryHab-w9k
@HarryHab-w9k 8 месяцев назад
I am a landlord working through a very efficient independent management company who are responsive to renters' needs. They have been around for decades and I first knew them when I was a renter myself. So how is any of the BS new?
@geoffreypiltz271
@geoffreypiltz271 2 года назад
It's all about getting a lot of cash to pass through the business. It doesn't matter what lies you tell or how implausible or unworkable the business model is. If enough money is involved then it's easy to get a serious amount of wealth to stick to your hands before it goes belly-up.
@keno9964
@keno9964 2 года назад
Richard Branson can support that :)
@fidelio9301
@fidelio9301 2 года назад
Modern business black pill.
@rjung_ch
@rjung_ch 2 года назад
He's basically a crook, reminds me of Trump or Kushner.
@DenizKupanaha
@DenizKupanaha 2 года назад
Yes. If you do it right and only sell a small amount of stock (still a lot of money), you can make it legally safe.
@mattfirman3877
@mattfirman3877 2 года назад
Exactly. This isn't disrupting anything but their wallets. What a joke.
@nalgene247
@nalgene247 2 года назад
"giving renters a sense of ... genuine ownership" lol so basically pay us and we will do our best to trick you into feeling like you actually own something. sounds about right for this guy.
@mm-hl7gh
@mm-hl7gh 2 года назад
its perfect. "a sense of ownership" thats exactly what the customers get for their cash. no more, no less.
@6shnuggle6
@6shnuggle6 2 года назад
As a renter, this scares me. It’s getting hard to rent without terrible living conditions. This guy has no idea but I guess that’s not the point.
@18booma
@18booma 2 года назад
"We'll give you the opportunity to pay a mortgage and maintenance. Just not your mortgage."
@somethinglikethat2176
@somethinglikethat2176 2 года назад
Don't you want the sense of "community" the comes with living with 4 or 5 strangers? Wouldn't you enjoy listening the Brad and Tiffany fight in the next room about whether he did or didn't look at that waitress's ass while you're trying to sleep? What about the sense of ownership cleaning up after Amar'e who totally doesn't pay rent because his just staying with is girlfriend Kendal while he looks for his own place for 3 months and counting? What about the feeling of belonging that you could get from Cole and Phil trying to explain to you why the Netflix adoption missed so much of the subtly of the source material? And sure Colin makes a lot of noise but his streaming channel will take off any day now and with that and work it's totally understandable that he couldn't do his chores around the house.
@mikemurphy5898
@mikemurphy5898 2 года назад
@@somethinglikethat2176 who hurt you?
@nixonteo
@nixonteo 2 года назад
Adam is the epitome of failing upwards.
@Praisethesunson
@Praisethesunson 2 года назад
As long as you can con the already wealthy, you can get away with anything
@MandoMTL
@MandoMTL 2 года назад
Little hats.
@donotletthebeeswin
@donotletthebeeswin 2 года назад
Point taken but you can hardly call it failure when he's doing more or less what he set out to do. He's like Trump or Musk. He has no vision for the future. Everything he does is an instinctual response to the state of VC/PE where he sees opportunity to produce a high valuation with less-than-viable product.
@jaysdood
@jaysdood 2 года назад
@@knotscapital Too ethical.
@ThePowerLover
@ThePowerLover 2 года назад
@@jaysdood He.
@GoHerping
@GoHerping 2 года назад
"disrupt" is my trigger word
@Snowy123
@Snowy123 2 года назад
He proves that the people you know is more important than having a product. He might be a genius at pitching but they're product geniuses who aren't getting the funding they need.
@goranagar4010
@goranagar4010 2 года назад
If this doesn't end up as another cult-scam like Adam's last project I will be very much surprised
@fidelio9301
@fidelio9301 2 года назад
You mean like all start ups?
@Ken-nv2hl
@Ken-nv2hl 2 года назад
Does it matter? There is no negative consequence for his actions. Even if it does fail he will get another golden parachute. I'd say good on him I encourage everyone should do the same as he does! As investors have stolen so much money from hardworking working class people then throw it away onto people like him.
@cutiko
@cutiko 2 года назад
Why cult?
@dodgemf1
@dodgemf1 2 года назад
@@fidelio9301 youtube was a start up 🤔
@fidelio9301
@fidelio9301 2 года назад
@@dodgemf1 Exactly and look at it
@makodad
@makodad 2 года назад
Most of the startup ecosystem works on the principal of the "Greater fool theory". Wework might have crashed but the investers who invested early did make money selling it to the people who joined late to the frenzy, and a lot of it. He may have been the reason for Wework's crash but he would still get investors to invest in any "idea" he can cook up, all they need is to find is the greater fool.
@somethinglikethat2176
@somethinglikethat2176 2 года назад
I think it will be harder this time around. It's one thing to fail, it's another thing to fail so hard you become a household name.
@nycgweed
@nycgweed 2 года назад
Exactly another ponzi
@t.7124
@t.7124 2 года назад
@@nycgweed 🤔Yeah it's almost like capitalism promotes exploitation
@DanDog91
@DanDog91 2 года назад
Will Flow be successful? NO .. but it will likely succeed in its goal of creating a wad of money to fund golden parachutes for its investors.
@Israelpwn
@Israelpwn Год назад
Thanks! Everything actually makes a whole lot of sense now.
@aviztar
@aviztar 2 года назад
I mean... at this point, I'm rooting for Adam, if somebody is stupid enough to actually go into business with him, they deserve to lose the money
@HShango
@HShango 2 года назад
Exactly (agreed)
@o1lec1
@o1lec1 2 года назад
Darwin's economics
@foobarFR
@foobarFR 2 года назад
He acts like a drain to evacuate all excess of dumb money in the financial system.
@HostileTakeover555
@HostileTakeover555 2 года назад
I’m not. I think he’s such an obnoxiously pretentious 💩 and I think there are many more projects that are worthy of investing in.
@rickysterling9194
@rickysterling9194 2 года назад
First rule Rich people never loose money. Those who have invested with him are generally connected with gov so even if he looses , gov will print more money to pay back investors or write off the loan. Which roughly translates to more inflation, which will be bore by public. Please name one rich investor of WeWork who is living on street because of WeWork disaster.
@fearlv1rattata
@fearlv1rattata 2 года назад
Knowing Adam's background, it's basically going to be some dystopian communal living situation that they charge an inordinate amount of money for. They're going to see the "you'll own nothing, and you'll love it" WEF quote come to life. Can't wait to see what it is.
@cameron_fairchild
@cameron_fairchild Год назад
The costs will be covered by the govt, during Biden's second term. Adam wants to do the housing for the disaffected, homeless, mentally ill, drug-addled people who will end up on Universal Basic Income. Housing that will be subsidized, then be run through FEMA after some false flag disaster.
@freddycastellanos3783
@freddycastellanos3783 Год назад
The church of Adam
@bobchipman4473
@bobchipman4473 Год назад
​@freddycastellanos3783 Well, the synagogue of Adam atleast.
@bobbym6130
@bobbym6130 2 года назад
Taking care of the home you own is a very fulfilling experience. Learning to DIY, meeting neighbours and getting recommendations, meeting local people who do lawns, these are parts of life that should not be replaced by an app.
@johnsmith99997
@johnsmith99997 2 года назад
VC isn't about good business, it's about finding a greater fool - and as we know there's one born every minute
@Dan16673
@Dan16673 2 года назад
100%
@evilflowx
@evilflowx 2 года назад
It’s basically a subscription home rental service. You pay a monthly fee and you can choose from available properties and move around as your needs change. Meh. It’ll be expensive and the most popular locales will be fully booked.
@paulmahoney7619
@paulmahoney7619 2 года назад
And it'll take housing off the common market, worsening the housing crisis.
@mukamuka0
@mukamuka0 2 года назад
And you'll be the one who pay mortgage for them with your monthly fee with this they can expand and expand until in the end Company will own every properties and people will have to rent it from them.
@cihadturhan
@cihadturhan 2 года назад
It might not be that expensive as they'll be operating thousands of properties but what happens when they increase their subscription price when you live is the actual problem.
@tomlxyz
@tomlxyz 2 года назад
I can see it fitting certain types of people who stay in a certain area for longer than an usual hotel stay but then move on
@chrisnamaste3572
@chrisnamaste3572 2 года назад
Neighborhoods auctioned off to the highest bidder like AirBNB.
@Macho_Fantastico
@Macho_Fantastico 2 года назад
You got to give Adam credit, he manages to get money from investors before he's even got any idea what the hell he's doing. That's a skill right there.
@pumpedupbro4200
@pumpedupbro4200 2 года назад
But that's also conning. If it's a skill than it's a bad one to have. People like him should not be given a chance as they are upto no good
@cloudbloodmusic
@cloudbloodmusic 2 года назад
Yeah the skill of bullshit with a sprinkle of privilege
@kimberleymansfield1099
@kimberleymansfield1099 2 года назад
Not a skill....a scam!!
@kissconsider
@kissconsider 2 года назад
If you actually see the history of the most successful people in the world, they all have "relentless lying; ridiculous embellishments" in their bio. If you want to be successful, just lie until people perceive value i guess. ...and get adopted into an affluent NYC family who can afford to put you into a business college too
@kkman7394
@kkman7394 2 года назад
Probably invested some of his wealth in the fund with the understanding that the fund invested in his venture at a stupid valuation.
@akaMokassin
@akaMokassin 2 года назад
Am I the only one who has the words "money laundering" pop up in his head when he hears stories like this?
@bbuggediffy
@bbuggediffy 6 месяцев назад
Yes, you are wrong. This isnt it
@nsgrnnsgrn3878
@nsgrnnsgrn3878 3 месяца назад
You’re right. It is
@jeffw8218
@jeffw8218 2 года назад
It’s completely insane that this guy is not in PRISON for investor fraud. Their company has to be protected by MOSSAD or something like that.
@cameron_fairchild
@cameron_fairchild Год назад
You're getting warmer. hint: SBFried.
@jeffw8218
@jeffw8218 Год назад
@@cameron_fairchild yeah, but even Bernie Madoff was arrested and sentenced. The FBI/DOJ/SEC are (hopefully) getting as much info as they can so they have an airtight criminal law case.
@jbbrolic
@jbbrolic Год назад
@@jeffw8218 Bernie Madoff there was no grey area to not prosecute. It was a straight up ponzi scheme. So was FTX but the lax regulation in crypto (even though FTX wasn't a real crypto company, it was a ponzi scheme) could give them the leeway to not prosecute a tribesman.
@jeffw8218
@jeffw8218 Год назад
@@jbbrolic True, but SGF still committed a litany of crimes that apply to crypto, such as wire fraud, which could easily land him in prison for 20-years on its own. Add the other charges, and him, Caroline Ellison, and a few other people could face life in prison, or at the minimum 20-years.
@vn2183
@vn2183 Год назад
Seriously, Why is he not in prison?!?! Who in their right mind would invest in anything this guy is proposing?
@fatcat22able
@fatcat22able 2 года назад
How the hell this guy still manages to find CEO jobs is beyond me.
@Magicalnora
@Magicalnora 2 года назад
How this guy is sitting at a table with Theresa May is beyond me
@rjung_ch
@rjung_ch 2 года назад
Or that people would invest with him / in him. Guess people are greedy, similar to the people who invented in One Coin, she's been in hiding since 5 years or more.
@tovsteh
@tovsteh 2 года назад
He doesn't find CEO jobs, he creates them for himself.
@chabland
@chabland 2 года назад
Well, to start with, apparently he is pretty good at lying.
@mariusvanc
@mariusvanc 2 года назад
It's easy to be a CEO. Start a company. Make yourself the CEO.
@WrknEdits
@WrknEdits 2 года назад
Marc A.: "We (pun intended) have to do something about the housing crisis", Also from the same person: "Don't build multi-family housing in my neighborhood!" Translation, ideals are great, popular, and cheap, but equality takes humility and sacrifice.
@18booma
@18booma 2 года назад
He literally just wants to make money off the housing crisis. And once a capitalist makes money off a crisis they perpetuate it, they don't fix it.
@AlexHendershot
@AlexHendershot 2 года назад
How is it possible that people continue to look at this like a tech company when it’s literally a normal REIT
@tycooperaow
@tycooperaow 2 года назад
Because he's too associated with wework so people think it's a new and innovative one using works like "disruption" etc. Plus he's marking it like one
@semperaugustus661
@semperaugustus661 Год назад
Because flow.
@davidloughlin2238
@davidloughlin2238 Год назад
Adam was all about "We" at WeWork, when it crashed he became all about "I", and ran off with $1.6bn while employees were getting laid off without pay or redundancy.
@HowItHappened
@HowItHappened 2 года назад
Awesome analysis on Flow! Thanks for the mention too 🙌
@keno9964
@keno9964 2 года назад
This guy is just the front man for others in the darkness.
@contrerasmcr100
@contrerasmcr100 2 года назад
Exacto
@chuasmare22
@chuasmare22 2 года назад
Yes, I was thinking the same way.
@aromagrande1914
@aromagrande1914 2 года назад
You know how it goes, hes just a vessel to integrate another unnecesary market. Further pushing down on the already expensive market that is renting/buying a living space.
@bloodaid
@bloodaid 2 года назад
Money laundring. What else.
@dustchip8060
@dustchip8060 Год назад
So true.
@michaeldunn6690
@michaeldunn6690 2 года назад
This makes me think of Blackrock buying up huge amounts of rental properties and of course "You will own nothing, and be happy". Something smells rotten.
@dx315
@dx315 2 года назад
These people literally cannot wait until we have semi-autonomous robots that can do all manual labor so that they can begin killing all of the working class and below off. This is where the future is headed.
@mhkpt
@mhkpt 2 года назад
I'd hope this turns into another catastrophe for investors, but the problem is, if that happens, it'll probably also suck for his workers and customers. Also, notice the Alfred tagline and promise - "above-market rents". Really serving society there.
@philoslother4602
@philoslother4602 2 года назад
Yep, Serve me, I want my house's value to multiply by 4 in 10 years
@mikemurphy5898
@mikemurphy5898 2 года назад
Yes, serving society means providing them the services they want as indicated by what they are willing to pay for. It doesn't mean making everything cheaper although even when that happens people still complain because someone, somewhere is being negatively effected by it. It's almost like some people just want a reason to complain.
@ArawnOfAnnwn
@ArawnOfAnnwn 2 года назад
Investors don't lose out working with people like him lol. They make plenty of money in the process. The only ones who get shafted are hardworking working class people, via disruptions in the rental market.
@Connorthecatsdad
@Connorthecatsdad 2 года назад
We have to get back to an economic model where the most valuable thing is the result of a product or service and not hype. It's embarrassing
@Myrddin1955
@Myrddin1955 2 года назад
@@philoslother4602 just the four times? Really?
@ik2254
@ik2254 Год назад
To those who wonder why they invest in him, I'll explain to ya: 1) Get initial funding. Build basic, barebone shit that 95% consists of PR. Get initial customers, by spending 90% of the funds of Google ads. 2) Another round of investment, from the different company. Investors in step 1 already made their money back, on paper. Here they either cash out or play the long game. On the funding the PR kicks into full gear. Customer base is inflated by any means necessary. 3) Repeat step 2 as much is you want 4) IPO. All that PR, buzzwords and ripe customer base, that might not even be real leads to a huge demand for stocks on the IPO. Everybody is FOMOed the heck out, which drives prices sky high 5) This is where you sell, taking the money from other people's pockets into yours. A glorified pump-and-dumb with extra steps to make it legal. THIS is why they give him money. They hope to play a game of hot potato and win. In fact it's a really easy game of hot potato because in the end you dump your shares on the stupid public. The tough task is to balloon the fk our of the thing, and take it through all the rounds to IPO. Newman nearly done that, and managed to hype up this to a ridiculous 47 billion. This is the skill they seek and give money for. Everything is extremely logical, and these people aren't dumb, like everybody here believes. They know what they are doing perfectly.
@Myrddin1955
@Myrddin1955 2 года назад
Anyone who goes into business with this guy, really does deserve all they get! Mind boggling!
@evanbohn
@evanbohn 2 года назад
"Tech Entrepreneur" = rents individual desks in an office space flow will probably just have a streamlined eviction process, showing shared apartment spaces while kicking out the previous tenant
@cpeterso
@cpeterso Год назад
Tech "disruption" is just a means of sidestepping regulation, funny that we're seeing conditions that led to the demand for the regulation in the first place
@amizan8653
@amizan8653 2 года назад
"elevating the world's consciousness" WTF does that even mean?
@ingvarhallstrom2306
@ingvarhallstrom2306 2 года назад
It's fluff, like his companies....
@christinewatson1989
@christinewatson1989 2 года назад
What a weird way to say "workspaces with hipster furnishings".
@FictionHubZA
@FictionHubZA 2 года назад
Drugs
@DurkaLaDurka
@DurkaLaDurka 2 года назад
Nobody knows what it means but it’s provocative, gets the people going!
@E_Crypto
@E_Crypto 2 года назад
Gonna start calling him Adam "The Magician" Neumann. Can turn air into a billion dollars.
@robertmiller7921
@robertmiller7921 2 года назад
And then he makes it disappear
@ducanhluong918
@ducanhluong918 2 года назад
And vice versa
@somethinglikethat2176
@somethinglikethat2176 2 года назад
He turned hot air into millions for himself... and turned billions into millions for Softbank.
@theoryneutral
@theoryneutral Год назад
This has inspired me to launch a startup. A new paradigm. WECEL. At WECEL, Adam can share a jail cell with Elizabeth Holmes despite their differences in gender and criminal preference.
@raincoaster99
@raincoaster99 Год назад
This episode reminded me how much I admire your channel. I got the audiobook too, but that’s like three weeks of my life.
@laurenconrad1799
@laurenconrad1799 2 года назад
I remember reading horror stories about WeWork’s corporate culture on Glassdoor way back in 2015, before people on the outside knew what was really going on. But those Glassdoor reviews certainly gave me a glimpse.
@artsmith103
@artsmith103 2 года назад
It was a destructive mix of wannabes posturing to be too cool to actually have to do something productive. I suspect many tenants were underachievers living in undesirable part of city that used wework membership to hang out with flashy crowd in nice location. Kind of like a gym membership for image nerds.
@normalname17
@normalname17 2 года назад
can't wait for Elizabeth Holmes's crypto project
@Mariuselix
@Mariuselix 2 года назад
Top 🔝 👌😅
@ulimetic
@ulimetic 2 года назад
The game is about inflating the valuation so the 1st group of investors can drop it on the 2nd round of investors. It has nothing to do with actually creating anything of value, else than value for the 1st round of investors. Startups at this point are just speculation.
@ingenieroriquelmecagardomo4067
@ingenieroriquelmecagardomo4067 2 года назад
Fr. Venture funds in the US have so much money they just dump millions on almost anything and hope 1 of them makes it big.
@lowwastehighmelanin
@lowwastehighmelanin 2 года назад
MLM at a huge scale.
@Dwightstjohn-fo8ki
@Dwightstjohn-fo8ki 2 года назад
@@ingenieroriquelmecagardomo4067 Mining stocks in Canada and on small exchanges are just like that: get money into 25 outfits and hope ONE or two pay off. But that's the industry. This is a con, based largely in the "correct" cities of New York and London, maybe a few others. And you take a lot of people's money, too, in what is basically fraud/con/stealing. The "suckas" get bled in the second and third round.
@ingvarhallstrom2306
@ingvarhallstrom2306 2 года назад
Someone named Ponzi something?
@onehitwhat
@onehitwhat 2 года назад
A16Z already operates on this goddamn model, back when "initial coin offerings" (unregistered securities) were offered by tech startups they used to invest in those and then sell them to bag holders.
@TheAtl0001
@TheAtl0001 2 года назад
It is a public secret but nobody is allowed to say how this all is possible. He belongs to a particular group in society predominantly overrepresented in the financial world, and these members protect their position and each other.
@hoppinghobbit9797
@hoppinghobbit9797 9 месяцев назад
hahaha is****
@HarryHab-w9k
@HarryHab-w9k 8 месяцев назад
I am not sure just any Jew could profit from this semite boost you claim exists...
@Benjamin_Monnoyeur
@Benjamin_Monnoyeur 2 месяца назад
I'm not one of them, but i do know that they have statistically higher iq in their group (look at nobel prizes percentage for their group), therefore succes. That simple. Only the resentful (or weak) say what you say. Read some goddamn nietzsche and become strong brother.
@sarasotauptoseattle
@sarasotauptoseattle 2 года назад
I'm going to purchase an annual subscription to CS & Nebula, based solely on the strength of how much I appreciate your YT content. Thanks Dagogo!
@ddude27
@ddude27 2 года назад
I'd strongly disagree with McKeever Conwell's statement about the situation. If the company sucked in enough money from the public or was heavily involved with the public then anything bad happening to it would most likely affect everyone. I hate the statement that "we are just here to make money" because when an event like the depression or the great recession happens then somehow the argument turns into a really bad strawman argument like the public should have not invested in him then. What worries a ton is the lack of regulation from any organization to make sure that anything financial involved let alone this big gets looked thoroughly and ensures clearly who gets hurt in the event of something bad happening. Funny enough ClearTaxView's channel had a video on how bad as big as the IRS is at enforcing regulations let alone having the moral to keep to abide by laws themselves.
@perfectallycromulent
@perfectallycromulent 2 года назад
"be a good person" is not explicit in the description of just about any job, but finance guys act like that's a license for immorality rather than realizing that the requirement transcends employment status.
@cloudbloodmusic
@cloudbloodmusic 2 года назад
I don't think he was defending it tho. It seemed like he's just explaining why A16z was willing to give him money
@edwardroh89
@edwardroh89 2 года назад
@@perfectallycromulent finance people are the worst. They honestly are parasites to the economy because the only value they bring to the world is either to themselves or the company they work for. They bring no value to the economy. No products, not entertainment, no moral value. Parasitic capitalism.
@cdreid9999
@cdreid9999 Год назад
under dubys they radically cut the irs tax atttorneys and auditers..the people who audit the rich. Abd obama and trump both approve of course. So the ira basically only has the ability togk after the lower classes whom it can bully ( trust me they can doanythi gthey want if youre not rich)
@PIMKAMINA2
@PIMKAMINA2 2 года назад
"being a decent human being isnt part of the job, its nice but its not good business". Bodes really well /s
@taylorinase2148
@taylorinase2148 2 года назад
“Maybe he doesn’t have people’s best interests at heart” 😭🤣
@taylorinase2148
@taylorinase2148 2 года назад
Ya, maybe..
@d993s
@d993s 2 года назад
Which one of his tribe have people’s best interests at heart? Zero
@joshuapatrick682
@joshuapatrick682 2 года назад
Branding rentals is one of those revolutionary concepts you wish you though of, it’s so obvious, but there it is.
@somethinglikethat2176
@somethinglikethat2176 2 года назад
Say enough buzz words and you're half way there.
@alexmarvin3093
@alexmarvin3093 Год назад
I'm definitely going to spend a few years building a house one day in a remote location
@ernestofermin3136
@ernestofermin3136 2 года назад
My uncle worked for we work in Manhattan for a few months before being laid off. My first thoughts walking through the workspace was how the company could make money when there work space was like a man cave. Coffee bars, pool tables, seats all over, you name it the offices had it I knew it seemed too good to be true but my uncle said he had a good time while there lol
@von...
@von... 2 года назад
went to one in mexico when I was there for a few week to do work while there, shit was actually pretty dope. But yeah, I just got swiped in by my homie & tbh I have no clue how they make money unless the companies are paying hella to have their employees work from there. It just was 99% of remote workers chillin hard & occasionally taking a call, but it was pretty decent & my friends personal office was dope & super well sound-insulated.
@hoangle2483
@hoangle2483 2 года назад
From what I remembered about my professor said. WeWork aims to be a place where new start ups gathering around. And when there are lots of start ups gathering, there are higher chance of a Unicorn to appear. Imagine owning a place where Unicorns are likely to appear.
@toomanymarys7355
@toomanymarys7355 2 года назад
@@hoangle2483 the unicorn can then get its own building. That's like wanted to be the janitorial company servicing start ups.
@hoangle2483
@hoangle2483 2 года назад
@@toomanymarys7355 Wework could still have the advantage of being the few first ppl to interact and make deal with the Unicorns, since they own and monitor the area. Dont forget the network effect, if WeWork can establish itself in the start up community as the place where every Unicorn gathers. New start ups and especially investors will start flocking over. Remember that the major shareholder of WeWork is Softbank, who is extremely aggressive in seeking out Unicorns.
@rustkitty
@rustkitty 2 года назад
So it's yet another "landlord company masquerading as a tech company" scheme? Does Newman never learn?
@cloudbloodmusic
@cloudbloodmusic 2 года назад
He won't learn until he becomes bankrupt with nothing to his name and he can't even get a job at a McDonald's
@triggeredlonda4317
@triggeredlonda4317 2 года назад
​@@cloudbloodmusic hahaha he is
@triggeredlonda4317
@triggeredlonda4317 2 года назад
​@@cloudbloodmusic he is already billionaire
@bahroum69
@bahroum69 2 года назад
Never learns? Like in "never learns how to make billions"? Well, sounds like he does.
@williamtimonen6814
@williamtimonen6814 2 года назад
@@bahroum69 He is probably going to earn more from this scheme than all this videos viewers will do combined in their lifetimes.
@balajinarasimhan5346
@balajinarasimhan5346 2 года назад
my mom always say that if you earn something through shady means and the money which doesnt belong to you, It will not stick with you for long. I have seen that happen many times and im seeing it again now. What a nice time to invest in real estate properties!!
@proudindian3697
@proudindian3697 2 года назад
Rajnikanth dialogue..?
@jbalogh01
@jbalogh01 11 месяцев назад
I used to drive by a building in the domain that one day had "wework", written on the top of the building. I never knew what it was about. About a year of driving by, the wework disappeared and the building was for lease.
@danielsweb2
@danielsweb2 2 года назад
A couple thoughts. 1) What does redemption look like for someone like Neumann? and 2) What does unbroken VC look like? This is a nice video, as always, beautifully produced and articulated. But this video anyway, I found it hard to connect the threads and get a coherent thought outside of "here's a clever fund raiser with a sketchy past building again." /shrug
@brushstroke3733
@brushstroke3733 Год назад
I think the point of the video was to warn viewers to steer clear of the con known as "Flow".
@Bizarro69
@Bizarro69 2 года назад
The older I get the more I feel like this world was made for the rich. Maybe we're in a simulation created by a quintillionaire and they're living through all the rich people and enjoying seeing the poor struggle.
@18booma
@18booma 2 года назад
The world is built for the rich by the poor. First it was monarchy and now it's capitalism. Neither of these systems are for the prosperity of those who work. They're for the prosperity of those who own stuff.
@moneyobsessed
@moneyobsessed 2 года назад
@@18booma cries in hunter gatherer.
@borginburkes1819
@borginburkes1819 Год назад
It wasn’t like this before the Industrial Revolution. Africans may live in mud huts but they’re all content and happy
@cdreid9999
@cdreid9999 Год назад
read some history. It always was
@cristianrezende5513
@cristianrezende5513 Год назад
@@18booma how do u think Jeff Bezos, Bill gates, Ellon Musk became rich? they WORKED. Meanwhile u are just blaming the system for your own failure.
@Harvey017
@Harvey017 2 года назад
Since the start of the pandemic I’ve never witnessed so many new billionaires being born.
@KT-zc7lc
@KT-zc7lc 2 года назад
While small business owners couldn't operate.
@monkeywrenchstudios3590
@monkeywrenchstudios3590 2 года назад
The plandemic you mean lmao took em months to react cause they were dumb and greedy. Saw COVID as an opportunity
@AmericanNope
@AmericanNope 2 года назад
@@KT-zc7lc you get what’s happening. Those who already have the wealth want their corporate takeover of almost everything
@michaelambrose
@michaelambrose 2 года назад
Adam was a billionaire long before the pandemic
@BiigiieCheeese
@BiigiieCheeese 2 года назад
"billionaire being born" as if they didn't have old money to begin with. For every Jeff Bezos there are hundreds of Elon Musks who are basically gifted a golden spoon.
@BM-wp7nh
@BM-wp7nh 2 года назад
my guess is that the properties he bought got contracted to the flow company he created for free for a few year so that he could secure a major investment from a16z. a16z would then get a secure deal on getting a higher percentage of profit through renting without investing in property and Adam could always offload his properties in the future. A more happy scenario could be that with the properties he purchased he gives to people on a rent to own basis without paying a mortgage if they live within the ecosystem of flow or for a specific number of year. The reason of this is because the biggest struggle is getting a mortgage for rent.
@nicolashrv
@nicolashrv 2 года назад
P.S. I like how this people are portraited as "pioneers" or having "brainstorms" when talking about their products, but 5 minutes after you heard "he realized he needed to do this" you hear his partner is buying "his competition"........so is not he "realized" there was a need.......he saw what others were doing and decided to copy them, starting actually way after the competition.......the only difference it seems they get Phresh kosher money to increase the value of a company which basically is not doing anything because it barely has its name registered.
@southparkgdp
@southparkgdp Год назад
He is a perfect encapsulation of the modern age: Clever marketing, cheesy "brotherhood" talk and lies barely covering up a shameless unicorn.
@philfichtinger3009
@philfichtinger3009 2 года назад
Dagogo, your stuff is the sh*t! Thanks for that!
@EmperorBun
@EmperorBun 2 года назад
Privilege in action. Think of all of the 350 other actually decent companies A16z could have invested $1M apiece into, and instead all that is flowing into the pockets of a man-child who almost single-handedly obliterated billions of shareholder value. Nobody else gets this kind of leeway in society
@alanjenkins1508
@alanjenkins1508 2 года назад
You can hire fewer financial people if you lend out larger amounts of money at a time. The theory is I think that you can hire the best, at huge salaries no doubt, who will make fewer investment mistakes. Unfortunately this is not the reality, but does lead to the rich getting richer and the middle economy which drives most economic growth being deprived of capital.
@joela.4058
@joela.4058 2 года назад
Well these people are apart of a very exclusive group of people that like to shuffle money exclusively between themselves
@romoalex
@romoalex 2 года назад
i had a boss like him.... same home country and same mannerisms, also went out of business
@Ronilac
@Ronilac Год назад
This faith that the phone app will be solution for all problems... but you cannot save people from themselves... as usual, common sense is the most valuable asset.
@jpgdallas
@jpgdallas Год назад
Seems to me flow will use part of that $350 million to buy Alfred and giving Adam a huge payout for his Alfred shares. That’s kinda been his MO regarding VC capital , right?
@Fezzy976
@Fezzy976 2 года назад
I love this channel, with this and Internet Historian I feel spoiled with some of the best content on the internet. Watching this content for free feels like I am committing theft.
@lowwastehighmelanin
@lowwastehighmelanin 2 года назад
You could sub patreon if you really feel that way.
@Andynonymous_music
@Andynonymous_music 2 года назад
if you’re into soccer, Dagogo also has another channel called Football Iconic
@mbuhplus7800
@mbuhplus7800 2 года назад
Amazing, everytime he fails, he becomes a new man
@butters1273
@butters1273 2 года назад
Adam: I suck at this. Some people for some reason: GIVE HIM MORE 💸
@Add_Infinitum
@Add_Infinitum Год назад
So, how does an investment of $350 million lead to the company having a value of 3 times that much? Did Adam contribute the rest? Is it trickery? Arcane magic? Also it's kinda bizarre to target millennials, famous for having money issues, with an unnecessary bespoke life management app. Actually I guess when you put it that way it makes perfect sense
@codysmith3853
@codysmith3853 Год назад
Anyone who gives this guy their money deserves what they get
@jumboshrimp5193
@jumboshrimp5193 2 года назад
"It's one big club and you ain't in it." - George Carlin
@joshuapatrick682
@joshuapatrick682 2 года назад
Maybe, but at this point he’s basically unlocked a cheat code to make a butt ton of money for just saying words and I have to tip my hat to that.
@vknives
@vknives 2 года назад
"Back to israel, where they were originally from." You could have started with this and all the questions would be answered instantly.
@annamariaisland1960
@annamariaisland1960 Год назад
As an older person, Neumann reminds me a lot of another Israeli who came to the US in the 1970s intending to make a fortune convincing people he had a special talent. His name was Uri Geller, and his talent was bending spoons allegedly with his mind, though it transpired he was in fact using his fingers. Geller took in a lot of people for a while, using the same self-confidence that Neumann excretes. With luck, his investors will become shirtless, but as others here say, the concern is that the housing market, already a disgrace, will became a tragedy of epic proportions.
@awesomeblossom2417
@awesomeblossom2417 Год назад
10 years ago in my area, houses were very affordable for lower to middle income families. The houses in our city tripled in value over the course of 1-2 years. This is directly caused by investors driving up the prices, creating a situation making it impossible for middle income families to purchase homes. I for one, would be okay if they created legislation to regulate house purchases for families. If the government wants to do so good, then they can make sure houses are affordable for regular people.
@MrNootka
@MrNootka 2 года назад
Great channel! more start up stories please!!!
@emanggitulah4319
@emanggitulah4319 2 года назад
I thought we were done with this guy... Well let's make it a sequel and see money burning
@jimwoodard64
@jimwoodard64 2 года назад
I wouldn't trust this company with $0.50.
@PinoyPadyakero
@PinoyPadyakero 2 года назад
Alfred Neuman - MAD
@stevenfinch2547
@stevenfinch2547 2 года назад
the comparison to Alfred is just crazy. He is just building a REIT!
@TimothyHalleran
@TimothyHalleran 2 года назад
This is my favorite video on Adam's new startup. Great analysis and deep dive.
@adaption196
@adaption196 2 года назад
I think renters are really getting screwed left right and now by Adam too, a snake is a snake
@sherbazkhan9447
@sherbazkhan9447 Год назад
I'm not sure about his skills and intelligence. But definitely he's good at persuading people
@ngc248
@ngc248 Год назад
oh dear ... if only we could fail upwards like dear ol' Adam
@PrincessVelaryon
@PrincessVelaryon 2 года назад
So basically he invested in start ups, learned their way of doing business and started the exact same business with the same models?
@Thebreakdownshow1
@Thebreakdownshow1 2 года назад
I don't know how he is finding people to invest in his ideas.
@BiigiieCheeese
@BiigiieCheeese 2 года назад
This is the US. We aren't know for our critical thinking skills, education or even learning from our mistakes.
@Thebreakdownshow1
@Thebreakdownshow1 2 года назад
@@BiigiieCheeese lol FREEDOM guns and GLORY is all i heard as i read that lol
@ilana3232
@ilana3232 Год назад
Adam is super smart and charming g u y, that’s for SURE his big success……. ………..his brilliant and knows how to talk ❗️❗️❗️
@HarryHab-w9k
@HarryHab-w9k 8 месяцев назад
It's tricky choosing an investment these days.
@undivided_unified
@undivided_unified 2 года назад
Clearly having no conscious is the #1 personality trait to remain in the billionaires club
@laurenconrad1799
@laurenconrad1799 2 года назад
That and being white.
@HostileTakeover555
@HostileTakeover555 2 года назад
@@laurenconrad1799 🙄 give me a break. There are many VC funds that cater ONLY to POC out there. Maybe the problem is that POC aren’t developing enough viable products…
@jbhann
@jbhann 2 года назад
@@laurenconrad1799 …white? Don’t be so blind to the truth which is right in front of you. And if you think all it takes for a person to be successful is to be white, then why are majority of people who are living in poverty in the US…white? And for the truth…he’s not white.
@ultimatestoryteller
@ultimatestoryteller 2 года назад
Neuman has a next level talent of conning people. He isn't wrong, matter of fact he is a hero in his own story, it's everyone else around him who believes in his ideas, who are idiots.
@papaaddo6270
@papaaddo6270 2 года назад
Whoever his sponsors/handlers are please locate me. I’m your man.
@WombleUK
@WombleUK Год назад
Note the wording "gives a sense of owning" meaning its an illusion & you wont actually own or control anything.
@REDARO11
@REDARO11 Год назад
This is crazy… I can not understand how such people like Adam… get away with this …. I can not grasp it …. I am absolutely overwhelmed!!!!!!!
@PsRohrbaugh
@PsRohrbaugh 2 года назад
From Israel what a surprise
@skydivekrazy76
@skydivekrazy76 2 года назад
You know my only problem with this new business venture? I'm not sure when I should short the stock... 😉
@FictionHubZA
@FictionHubZA 2 года назад
Hold it for a day or at most a week. This isn't the type of stock to hold wth diamond hands.
@bigboymamba
@bigboymamba 11 месяцев назад
yes i will short it if they go public. and to Alfred the idea is by giving more service you can charge higher rents even without changing a lot.
@61klm
@61klm Год назад
Hey dagogo love your videos so relaxing to listen to these preposterous stories, what a crazy world… can I ask what’s the closing credits song called? 🙂
@Dazza_119
@Dazza_119 2 года назад
Dear God, really? He got funded yet again? I bet the valuation is bs 🤣 another incredible video though dagogo!
@cloudbloodmusic
@cloudbloodmusic 2 года назад
Valuations are quite literally made up. Like good VCs will make a valuation based on the facts/metrics of the company but when the dude is white and already rich they just ignore it
@jaysdood
@jaysdood 2 года назад
Adam Neumann never failed. He made himself extraordinarily wealthy, it's everyone else who got screwed.
@jacqdanieles
@jacqdanieles 2 года назад
That's how trump got rich.
@moneyobsessed
@moneyobsessed 2 года назад
@@jacqdanieles he got a 300 million $ loan from DB without collateral besides his word
@chrisnamaste3572
@chrisnamaste3572 2 года назад
A great grifter and con artist.
@deathdog1392
@deathdog1392 Год назад
Hi investors. I have no product and no idea. I am insufferably conceited. Where are my hundreds of millions of dollars???
@mikehw7526
@mikehw7526 Год назад
What exactly is the product?
@phillipwalker3098
@phillipwalker3098 Год назад
It's nice to have friends in high places.
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