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Published · transcript-backed

David Rosenthal: evaluation

25 Oct 2019 Acquired The WeWork “Acquisition” (with Dan Primack)

“Adam, of course, had Miguel as his co-founder. It’s now obfuscated because they have their shares in an LLC, but I believe Adam always had a greater economic percentage of the company than Miguel.”

— David Rosenthal

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Everything needed to verify it.

Speaker
David Rosenthal
Attribution
Verified speaker
Claim type
evaluation
Recorded
25 Oct 2019
Publisher
Acquired

Transcript context

…I don’t know for sure. Adam Neumann even at the time of IPO, owned a remarkable amount. For example, Travis Kalanick, I think, owned like 6% of Uber when he got booted, around 6%. Adam owned ⅓ of the company after all the SoftBank money, et cetera. He controlled this thing even in those early days. Adam, of course, had Miguel as his co-founder. It’s now obfuscated because they have their shares in an LLC, but I believe Adam always had a greater economic percentage of the company than Miguel. If you remember, back to Uber and Travis, Travis was not the owner of Uber. It was Garrett Camp. But Adam had a bigger piece than Garrett had of Uber, I mean going forward.…

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