132 - The WeWork IPO: Why the Controversy?
Listen now
Description
I’ve got a business idea. I’m going to take out loans to rent a bunch of apartments around the world. Two-year leases. Then I’m going to decorate them with a super-cool modern vibe … snacks, premium soaps, entertainment spaces… and Airbnb them by the week and half week to vacationers and business travellers for less than they’d pay for a hotel room.   But wait, you say. You’re signing up for two-year leases and only getting commitments in the days and weeks. What if the economy goes bad? What if your landlords raise the rent? What if you try to grow too fast, and your loan payments go up?  Funny you should ask. WeWork’s parent company just filed for an IPO this week, and WeWork’s business model sounds a lot like the one I just described, only it’s office space, not apartments. Is it a good bet?  We’re gonna talk WeWork, we’re gonna talk Viacom/CBS, Disney/Fox, Yahoo/Tumblr, Twitch/Mixr – all kinds of things that come in twos.
More Episodes
https://www.linkedin.com/in/jonfortt/detail/recent-activity/ https://www.youtube.com/c/forttknox I should have posted this way earlier, but I've been getting questions. Here's the skinny: Fortt Knox is not dead. It's just been reborn. Instead of living in your favorite podcast app, Fortt Knox now...
Published 09/26/20
Published 09/26/20
In the late 1990s, Andy Jassy pitched a wild idea to his boss and mentor, Jeff Bezos: What if Amazon developed another business, delivering computing power and storage .  Two decades later, it stands as Amazon’s most profitable division – one that Jassy continues to lead as CEO of Amazon Web...
Published 12/07/19