WeWork Co-Founder Has Cashed Out at Least $700M Via Sales, Loans

I heard he purchased a bunch of real estate and then lease them to WeWork and made a killing.<p>Maybe he would later sell those real estates whose price have been inflated because of WeWork&#x27;s presence.<p>It is indeed a real estate company.

&gt; He has also taken out loans of several hundred million dollars backed by his WeWork shares, people familiar with his finances said.<p>That&#x27;s not really &quot;cashing out&quot;. The portion of your shares that you&#x27;ve sold, sure, but leveraging investments is just an option that&#x27;s available once you hit a certain point and it just makes sense to take advantage of it.

I’ve been playing around with the idea of building on demand phone booth conference rooms (the ones you see in coworking spaces) but reservable in 15m blocks that open with a code from an app. Could partner with coffee shops or even cities for people who need some sound proof time while out and about to take a call, zoom into a meeting while out in public, etc.

If I could short wework I would.<p>Softbank is basically setting its own valuations because of the amounts it has to invest.<p>Wework has a ton of red flag.<p>Softbank is a major wework investor.<p>Could I short softbank?

What number of red flags is going to be enough for the tech&#x2F;business press to start asking questions about how WeWork is being run?<p>From the outside it looks like another Theranos waiting to happen.

thats 5% of his equity if sold at the same valuation of the last funding ($47B).<p>Its easy to point fingers at rich people, but this seems like a fairly logical cash-out.<p>More stakeholders means more legitimacy.

Have fun suck- I mean, investors. I don&#x27;t have much sympathy for them since they had the means to assess this before piling in.

How is WeWork valued at $47 billion? Is that a value based on business fundamentals, or on what various finance people will collectively play along with?

I know nothing about equity or cashing out, but a wework recruiter is trying very hard to get me to come write software at their new office in Utah. Would it be a good move financially? Could I make a bajillion dollars off it?<p>The only competition is a company with Amazing paternity leave that would really suit my skill set and life style.

It says he&#x27;s investing the money in real estate and start ups, why not invest in his real estate start up?

I think WeWork is just a real estate company somehow.

At least he plows it back into his industry... &quot;Since 2013, Mr. Neumann has bought four homes in and around New York City and last year paid $21 million for a 13,000-square-foot house in the Bay Area with a guitar-shaped room.&quot;

good for him

Paywall... alternate link?

It&#x27;s investor money