. What was it like meeting with him? How do you develop a relationship where you can get someone to invest so heavily in the vision you have?By the time Masa came, it was easier because we had a lot of execution behind us. There were seven consecutive years of 100% growth year over year, of all our numbers being ahead, of cost-per-adding-another-member going down.I'm usually the person who thinks very large in the room.
When I'm about to do something in their wheelhouse, something that they're better at than me, I will call for advice. Editor's note:"Secondary" here refers to the purchase of shares from existing shareholders, rather than directly from the company. That day, if they would've done the deal and after the money that they would've spent, WeWork might have had a higher valuation. But SoftBank had a bad day.
Not only did I understand — I talk a lot about believing in something greater than yourself, and a lot about the fact that if we always muscle everything through, we don't give a chance for the universe to enter. Now that I've had a chance to talk to all of them after they told me how much they love the company and how they see themselves as long-term holders, I feel very happy with how things went the way they did. Masa's still a huge shareholder. He's invested over $10 billion.Neumann:
By the time WeWork would be making money, their 'tenants' will realize that they are paying through the nose. They can do the same work at any Starbucks for free.
Narrator: it wasn't recession proof
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Source: CNBC - 🏆 12. / 72 Read more »