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In the wake of the WeWork IPO debacle, coworking and flexible office companies have been quick to point out how different they are from the industry's elephant in the room. But they say the entire fiasco has taught them a few things, and given them some benefits, too. “Knotel has been growing quite fast, we have grown almost fourfold in the last year," Knotel co-founder and Chairman Edward Sh...
WeWork is eager to turn the page on its now-infamous IPO bid and the ouster of co-founder Adam Neumann. Fresh off its rescue at the hands of new majority owner SoftBank Group, the company released a 50-page, "90-day game plan" on its website. It shared the plan to reverse its spiraling fortunes after presenting it to investors in October, CNBC reports. The primary focus of the plan is to dives...
The U.S. Securities and Exchange Commission has launched an inquiry into WeWork to determine if the company violated reporting rules ahead of its doomed planned public offering. Citing two unnamed sources, Bloomberg reported that SEC investigators are scrutinizing disclosures made to investors while the company embarked on aggressive fundraising efforts and completed transactions that posed pote...
Private equity pioneer Alan Patricof called the botched WeWork initial public offering the "bottom" in the IPO market — and said that a lot more companies will go public.
Speaking at the Greenwich Economic Forum last week, the CEO of venture capital firm Greycroft Partners called the WeWork IPO debacle the trough of a market that’s punished high-flying unicorns recently.
However, the WeW...
Michael Beckerman, CEO, CREtech and Ben Liao, Managing Director of the Colliers Proptech Accelerator powered by Techstars to Co-Host Event on December 5th
CREtech (cretech.com), the leading commercial r...
SoftBank wanted Kushner to divest. He wouldn’t, and deal talks died. It was a missed opportunity for a start-up beset by tech limits, high turnover and unfulfilled promise. Executives at Cadre eagerly watched SoftBank’s Vision Fund dole out billions of dollars t...
The rapid expansion of WeWork’s office-space empire caused the company’s losses to more than double in the third quarter, according to a company presentation. WeWork lost $1.25 billion in the three months that ended in September, up from $497 million in the same period a year earlier, according to the document, obtained on Wednesday by The New York Times. Revenu...
The small industrial kitchen located under a concrete maze of freeways in Oakland, California, doesn’t look like much. The former Uber Technologies Inc. employees who occupy the space picked it because it’s cheap (by Bay Area standards) and conveniently located for drivers to pick up food for nearby customers ordering from delivery apps like Uber Ea...
Global CRM company Salesforce, announced that Salesforce Ventures, its global corporate investment group, has launched a new $50m Consultant Trailblazer Fund. The new fund will provide the next generation of cloud consulting companies and digital agencies with the capital required to build and scale their Salesforce services capabilities for the future.
The Consultant Trailblazer Fund will supp...