WeWork, 1MDB and more.
The WeWork IPO announcement.
The We Company isn’t a tech company, though it is very successfully posing as one
https://www.theverge.com/2019/8/15/20806366/we-company-wework-ipo-adam-neumann
This might be one of the most pure, uncut disruption theses I’ve ever seen, the more I think about it. It’s especially sweet given how Silicon Valley has somehow convinced itself that “disruption comes from the high end now”, or whatever people said to twist the Innovator’s Dilemma into knots just so they could say that Tesla and Uber were disruptive. I’m already enjoying how fun it’ll be to remind people: “and the real disruptor was… WeWork, all along.”
The 1MDB scandal & a Book recommendation:
DIY: How to fund yourself: https://www.bbc.com/news/world-asia-46341603
If you want to dive a little deeper:
https://www.goodreads.com/book/show/38743564-billion-dollar-whale
The rise of second hand clothing and renting.
A lot of it is because big companies have a hard time effectively and aggressively competing with themselves, finding themselves stuck on what is often referred to as the cannibalizationeffect.
https://www.forbes.com/sites/stevendennis/2019/08/20/retails-new-rush-to-rent/
What’s up with Googles company culture?
https://www.wired.com/story/inside-google-three-years-misery-happiest-company-tech/
Dieter Rams on Design.
Best regards,
Max