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

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See the next episode early on Nebula: curiositystream.com/coldfusion
Disgraced WeWork founder, Adam Neumann is back! In this episode, we'll see what he's been up to.
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Sources:
techcrunch.com/2022/08/15/tec...
www.cnbc.com/2019/10/22/wewor...
www.esquire.com/entertainment...
www.esquire.com/entertainment...
therealdeal.com/tristate/2022... portfolio-for-293m/
nypost.com/2022/08/15/wework-...
a16z.com/2022/08/15/investing...
www.msn.com/en-us/news/us/the...
www.forbes.com/sites/iainmart...
www.bbc.com/news/business-625...
techcrunch.com/2022/08/15/tec...
www.theguardian.com/business/...
techcrunch.com/2022/08/15/tec...
www.theguardian.com/business/...
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31 май 2024

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Комментарии : 2,3 тыс.

@samaeltheundying Год назад

Having this dude influencing the housing RENTAL market and in my everyday life sounds like a dystopian nightmare.

@DacLMK Год назад

Everything is a dystopian nightmare to you people.

@minyaksayur Год назад

with a rising interest rate, his investors are downward stupid.

@PlayedbyInstinct Год назад

@@DacLMK to people on youtube..?

@RubixCubix_ Год назад

he is jewish, was that supposed to be a pun?

@5daboz Год назад

Grim gets dark.

@aromagrande1914 Год назад

This company resonates exactly with "you will own nothing and you will be happy"

@k9killer221 Год назад

Exactly. This is pod world being implemented and that AZ16 company knows it.

@lynchjl Год назад

No coincidence there I'm sure!

@remodernist Год назад

exactly what i thought, they know this is a market ripe for investment and disruption

@user-fk8zw5js2p Год 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 Год 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 Год назад

Flow's aim of "giving renters *_a sense_* of security, community and genuine ownership" says plenty about their real intentions.

@jarvisaddison8560 Год назад

Keyword is " sense"

@defaulted9485 Год 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 Год 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 Год назад

I wonder how much he'll pay himself for the trademark to his own company's name this time?

@unlucky-61 Год назад

@@Pushing_Pixels 2 B

@ParotandArmorfinish Год 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 Год назад

You nailed it. -no pun🙃✌

@bad_money Год 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 Год назад

Damn right. Loved your WeWork video btw!

@jessewinchester1829 Год назад

Literally lol

@mac23806 Год назад

Bingo you've just become woke

@BiigiieCheeese Год назад

"tech" start ups are just like modern mathematics. solve cases and problems that have no real life value

@paulmahoney7619 Год 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.

@goranagar4010 Год 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 Год назад

"Disrupting the future of living" sounds ominous as hell.

@pieflies Год назад

Disrupting the ability of the general public to be able to afford their own house.

@lbgstzockt8493 Год назад

@@pieflies sounds like the market is already sufficiently disrupted.

@jamieferguson935 Год назад

Your house price is only double there? Wow you have got it lucky.

@bloodaid Год назад

Did you say $1.3 million? Got it, $1.9 million.

@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 Год назад

that is why you and I are thousandaires while Weedboy is attracting 2B$ golden parachutes and 350m$ seed funding.

@szuperrosszarcu 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____ 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 Год назад

@@szuperrosszarcu 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 Год 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.

@user-ph2ql2vg1d 3 месяца 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?

@JamesHahnII Год назад

His big idea is to be a real estate developer. Stunning.

@MuppetsSh0w Год назад

Not even a developer but a landlord lol

@mjmulenga3 Год назад

Yes, but disruptively. 🤣🤣🤣

@StefanReich Год 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 Год назад

But he has a nicer website and logo, so the company is worth billions.

@SecondTake123 Год назад

Exactly!

@mikyhtx Год назад

This is great! I am looking forward to WeCrashed season 2.

@adamalilou Год назад

Hahaha same!

@ElectrostatiCrow Год назад

I heard the second season has a crash bigger than the first.

@jivasche7345 Год назад

I hope it doesn't happen. I want the new series be called Flop instead of WeCrashed season 2

@Project_1143M Год назад

@@jivasche7345 nah WeCrashed season 2 is better

@suhaas4546 Год назад

Would WeFlowed be a better title?

@fearlv1rattata Год 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 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 8 месяцев назад

The church of Adam

@bobchipman4473 7 месяцев назад

@freddycastellanos3783 Well, the synagogue of Adam atleast.

@akaMokassin Год назад

Am I the only one who has the words "money laundering" pop up in his head when he hears stories like this?

@bbuggediffy Месяц назад

Yes, you are wrong. This isnt it

@nixonteo Год назад

Adam is the epitome of failing upwards.

@Praisethesunson Год назад

As long as you can con the already wealthy, you can get away with anything

@MandoMTL Год назад

Little hats.

@ClarkHathaway3238 Год 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 Год назад

@@knotscapital Too ethical.

@ThePowerLover Год назад

@@jaysdood He.

@aviztar Год 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 Год назад

Exactly (agreed)

@o1lec1 Год назад

Darwin's economics

@foobarFR Год назад

He acts like a drain to evacuate all excess of dumb money in the financial system.

@HostileTakeover555 Год 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 Год 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.

@jeffw8218 Год 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 Год назад

You're getting warmer. hint: SBFried.

@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 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 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 Год назад

Seriously, Why is he not in prison?!?! Who in their right mind would invest in anything this guy is proposing?

@Snowy123 Год 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.

@geoffreypiltz271 Год 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 Год назад

Richard Branson can support that :)

@fidelio9301 Год назад

Modern business black pill.

@rjung_ch Год назад

He's basically a crook, reminds me of Trump or Kushner.

@DenizKupanaha Год 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 Год назад

Exactly. This isn't disrupting anything but their wallets. What a joke.

@goranagar4010 Год назад

If this doesn't end up as another cult-scam like Adam's last project I will be very much surprised

@fidelio9301 Год назад

You mean like all start ups?

@Ken-nv2hl Год 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 Год назад

Why cult?

@dodgemF1 Год назад

@@fidelio9301 youtube was a start up 🤔

@fidelio9301 Год назад

@@dodgemF1 Exactly and look at it

@bobbym6130 Год 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.

@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.

@Macho_Fantastico Год 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 Год 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 Год назад

Yeah the skill of bullshit with a sprinkle of privilege

@kimberleymansfield1099 Год назад

Not a skill....a scam!!

@applchu Год 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 Год назад

Probably invested some of his wealth in the fund with the understanding that the fund invested in his venture at a stupid valuation.

@nalgene247 Год 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 Год назад

its perfect. "a sense of ownership" thats exactly what the customers get for their cash. no more, no less.

@6shnuggle6 Год 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 Год назад

"We'll give you the opportunity to pay a mortgage and maintenance. Just not your mortgage."

@somethinglikethat2176 Год 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 Год назад

@@somethinglikethat2176 who hurt you?

@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.

@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.

@makodad Год 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 Год 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 Год назад

Exactly another ponzi

@t.7124 Год назад

@@nycgweed 🤔Yeah it's almost like capitalism promotes exploitation

@DanDog91 Год 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 Год назад

Thanks! Everything actually makes a whole lot of sense now.

@evilflowx Год 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 Год назад

And it'll take housing off the common market, worsening the housing crisis.

@mukamuka0 Год 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 Год 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 Год 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 Год назад

Neighborhoods auctioned off to the highest bidder like AirBNB.

@_romeopeter Год назад

Great one as always 🔥 I’m very much interested in how you go about your research. Please shed light to your approach.

@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.

@johnsmith99997 Год 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 Год назад

100%

@sinenhlanhla. Год назад

Sorry but if Adam Neumann is getting a second chance at being a scammer, then Elizabeth Holmes should make a return as well 💀

@AwardFabrik-SoF Год назад

One drop of blood gonna buy you 1% shares... right...right???!!

@cloudbloodmusic Год назад

Well Adam actually had a product to sell people. He technically didn't commit fraud but he did mismanage money and did a legal form of embezzlement

@loln00bsify Год назад

You can't defraud upstanding American war criminals like Henry Kissinger. That's criminal. Defrauding the American public? Have at it!

@hoangle2483 Год назад

@SayMyName Now u mention it. Maybe there are some factors of Nepotism/ favoritism in this. Dude probably has some degree of connections

@sinenhlanhla. Год назад

@SayMyName You are so right.

@HowItHappened Год назад

Awesome analysis on Flow! Thanks for the mention too 🙌

@alexmarvin3093 7 месяцев назад

I'm definitely going to spend a few years building a house one day in a remote location

@fatcat22able Год назад

How the hell this guy still manages to find CEO jobs is beyond me.

@Magicalnora Год назад

How this guy is sitting at a table with Theresa May is beyond me

@rjung_ch Год 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 Год назад

He doesn't find CEO jobs, he creates them for himself.

@chabland Год назад

Well, to start with, apparently he is pretty good at lying.

@mariusvanc Год назад

It's easy to be a CEO. Start a company. Make yourself the CEO.

@laurenconrad1799 Год 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 Год 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.

@Myrddin1955 Год назад

Anyone who goes into business with this guy, really does deserve all they get! Mind boggling!

@sarasotauptoseattle Год 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!

@ulimetic Год 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 Год 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 Год назад

MLM at a huge scale.

@Dwightstjohn-fo8ki Год 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 Год назад

Someone named Ponzi something?

@onehitwhat Год 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.

@evanbohn Год 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 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

@TheAtl0001 Год 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 4 месяца назад

hahaha is****

@user-ph2ql2vg1d 3 месяца назад

I am not sure just any Jew could profit from this semite boost you claim exists...

@kateskeys Год назад

Great video (as usual) thanks Cold Fusion.🌟🌟🌟🌟

@amizan8653 Год назад

"elevating the world's consciousness" WTF does that even mean?

@ingvarhallstrom2306 Год назад

It's fluff, like his companies....

@christinewatson1989 Год назад

What a weird way to say "workspaces with hipster furnishings".

@ElectrostatiCrow Год назад

Drugs

@DurkaLaDurka Год назад

Nobody knows what it means but it’s provocative, gets the people going!

@jaguarazul Год назад

Awesome video!! Hopefully it will open some eyes. 👌👏 Thanks for sharing

@jbalogh01 6 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.

@AlexHendershot Год назад

How is it possible that people continue to look at this like a tech company when it’s literally a normal REIT

@tycooperaow Год 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 Год назад

Because flow.

@normalname17 Год назад

can't wait for Elizabeth Holmes's crypto project

@Mariuselix Год назад

Top 🔝 👌😅

@discoverymoi Год назад

Man I’m so interested in the video about the GM EV car, I wish I could see it on the nebula platform, but I can’t so I’ll wait for it to drop here. Thanks man.

@Tizianv Год назад

Curious to see where this goes. Looking forward to a follow up video :)

@keno9964 Год назад

This guy is just the front man for others in the darkness.

@contrerasmcr100 Год назад

Exacto

@chuasmare22 Год назад

Yes, I was thinking the same way.

@aromagrande1914 Год 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 Год назад

Money laundring. What else.

@dustchip8060 Год назад

So true.

@CapitalF2045 Год 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 Год 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.

@ik2254 11 месяцев 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.

@mhkpt Год 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 Год назад

Yep, Serve me, I want my house's value to multiply by 4 in 10 years

@mikemurphy5898 Год 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 Год 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 Год 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 Год назад

@@philoslother4602 just the four times? Really?

@E_Crypto Год назад

Gonna start calling him Adam "The Magician" Neumann. Can turn air into a billion dollars.

@robertmiller7921 Год назад

And then he makes it disappear

@ducanhluong918 Год назад

And vice versa

@somethinglikethat2176 Год назад

He turned hot air into millions for himself... and turned billions into millions for Softbank.

@danstewart2770 Год назад

I'd love to see Andreessen Horowitz's (AH) deal docs and securities structure. It could go either way. AH could have offered very permissive terms given infinite confidence in Adam Neumann's (AN) business acumen, or they may have required very restrictive terms given reports of AN's lavish, nay reckless, spending and insider conflicts. In either case, I'd be inclined to make a small follow-on investment on whatever AH's terms turn out to be.

@61klm 7 месяцев 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? 🙂

@romoalex Год назад

i had a boss like him.... same home country and same mannerisms, also went out of business

@rustkitty Год назад

So it's yet another "landlord company masquerading as a tech company" scheme? Does Newman never learn?

@cloudbloodmusic Год 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 Год назад

@@cloudbloodmusic hahaha he is

@triggeredlonda4317 Год назад

@@cloudbloodmusic he is already billionaire

@bahroum69 Год назад

Never learns? Like in "never learns how to make billions"? Well, sounds like he does.

@williamtimonen6814 Год назад

@@bahroum69 He is probably going to earn more from this scheme than all this videos viewers will do combined in their lifetimes.

@joshuapatrick682 Год назад

Branding rentals is one of those revolutionary concepts you wish you though of, it’s so obvious, but there it is.

@somethinglikethat2176 Год назад

Say enough buzz words and you're half way there.

@thedisclosedwest7659 Год назад

Hi there, thanks a lot for your work!

@ernestofermin3136 Год 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... Год 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 Год 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 Год назад

@@hoangle2483 the unicorn can then get its own building. That's like wanted to be the janitorial company servicing start ups.

@hoangle2483 Год 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.

@ddude27 Год 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 Год 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 Год 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 Год 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 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)

@danielsweb2 Год 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 Год назад

I think the point of the video was to warn viewers to steer clear of the con known as "Flow".

@xiongbenjamin Год назад

Awesome video! Thank you!

@taylorinase2148 Год назад

“Maybe he doesn’t have people’s best interests at heart” 😭🤣

@taylorinase2148 Год назад

Ya, maybe..

@d993s Год назад

Which one of his tribe have people’s best interests at heart? Zero

@PIMKAMINA2 Год назад

"being a decent human being isnt part of the job, its nice but its not good business". Bodes really well /s

@ajackson9326 Год назад

Great broadcast

@waqaryousfi6504 Год назад

Great! Yes, could you share your insights about General Motors on their project of electric cars back in the 90s when Giant OIL COMPANIES halted GM from producing Electric Cars?

@balajinarasimhan5346 Год 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 Год назад

Rajnikanth dialogue..?

@Harvey017 Год назад

Since the start of the pandemic I’ve never witnessed so many new billionaires being born.

@KT-zc7lc Год назад

While small business owners couldn't operate.

@monkeywrenchstudios3590 Год назад

The plandemic you mean lmao took em months to react cause they were dumb and greedy. Saw COVID as an opportunity

@AmericanNope Год назад

@@KT-zc7lc you get what’s happening. Those who already have the wealth want their corporate takeover of almost everything

@michaelambrose Год назад

Adam was a billionaire long before the pandemic

@BiigiieCheeese Год 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.

@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?

@creedolala6918 Год назад

I enjoy this channel. The topics are interesting and the presentation is fairly professional. A few tweaks to the writing could bring it to the next level. Avoid exaggerating words, cliches, and the misuse of literally, EG "It's literally all smoke and mirrors". And resist the urge to oversimplify complex topics to fit a narrative. EG describing the flow investment as "throwing money at something that doesn't even exist". VC (borrowing from Harvard Business review) "buys a stake in an entrepreneur’s idea, nurtures it for a short period of time, and then exits with the help of an investment banker." It is a gamble, but it's not an uncalculated or careless one.

@EmperorBun Год 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 Год 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 Год назад

Well these people are apart of a very exclusive group of people that like to shuffle money exclusively between themselves

@TimothyHalleran Год назад

This is my favorite video on Adam's new startup. Great analysis and deep dive.

@doyoulikeduckmeat Год назад

'Startups tend to find their footing on the 2nd 3rd or 4th try' My dad had a similar saying, 'through enough shit and it will eventually stick'.

@fcallum77 Год назад

Yeah, I remember watching your WeWork video. Come to think of it, there's a WeWork office on Colmore Row in Birmingham that I never really noticed until I did. At least the investors didn't get screwed over.

@Fezzy976 Год 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 Год назад

You could sub patreon if you really feel that way.

@BillShatner31 Год назад

if you’re into soccer, Dagogo also has another channel called Football Iconic

@snakedoktor6020 Год назад

Yet another video that makes you think. Great job sir. I noticed one issue with the spelling of Mark's last name, Andreeseen. At the 6:25 mark, when it comes up on screen, it appears as Anderseen. I don't know if it was there in the original video snippet, or if you added it, but it's incorrect. Other than that, great job...again.

@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.

@jaysdood Год назад

Adam Neumann never failed. He made himself extraordinarily wealthy, it's everyone else who got screwed.

@jacqdanieles Год назад

That's how trump got rich.

@moneyobsessed Год назад

@@jacqdanieles he got a 300 million $ loan from DB without collateral besides his word

@chrisnamaste3572 Год назад

A great grifter and con artist.

@xox14 Год назад

Great channel! more start up stories please!!!

@BM-wp7nh Год 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.

@bigboymamba 6 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.

@nicolashrv Год 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.

@Bizarro69 Год 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 Год 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 Год назад

@@18booma cries in hunter gatherer.

@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 Год назад

read some history. It always was

@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.

@philfichtinger3009 Год назад

Dagogo, your stuff is the sh*t! Thanks for that!

@BrittanyGates Год назад

Sounds like Flow is going to combine HOA communities and Property Management together. Will it work? Probably, if they market it toward renters who want an all-in-one luxury living package.

@kalvinreese8387 Год назад

Great upload thank you

@adaption196 Год назад

I think renters are really getting screwed left right and now by Adam too, a snake is a snake

@mikeschmitty4438 Год назад

Clearly having no conscious is the #1 personality trait to remain in the billionaires club

@laurenconrad1799 Год назад

That and being white.

@HostileTakeover555 Год 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 Год 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.

@danielmfraser Год назад

4:39 had to double take on the furniture moving there 😂

@jeng8401 Год назад

Oh ‘em gee I just applied for a job at Flow on LinkedIn. I had no idea he was behind it. Thank you for helping me dodge that bullet.

@Monkechnology Год назад

You have to give him some credit. He's showing the world how screwed up the financial sector is and how "smart" the investors are...

@cloudbloodmusic Год назад

Yeah he's the king of bullshitters

@Monkechnology Год назад

@@cloudbloodmusic I'd be rooting for him if he manages to bankrupt some hedgies lmao

@jimwoodard64 Год назад

I wouldn't trust this company with $0.50.

@stevenfinch2547 Год назад

the comparison to Alfred is just crazy. He is just building a REIT!

@weishenmejames Год назад

Another quality video I'm also going to check out Nebula.

@ultimatestoryteller Год 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.

@demorbe-official Год назад

I jhus stabled across this channel. And finding much value from it. About starts it's hard to predict cause most of them come up as companies that are going to be revolutionary and bringing huge difference to the market place proving to provide solutions that have never existed. But when you look into them they be solving nothing at all.