Evidence receipt / evaluation
Published · transcript-backedDavid Rosenthal: evaluation
25 Oct 2019 Acquired The WeWork “Acquisition” (with Dan Primack)
“Adam, at this point, is very wealthy on paper, but as they keep raising money, it’s unclear exactly the method by which he did this.”
Source trail
Everything needed to verify it.
- Speaker
- David Rosenthal
- Attribution
- Verified speaker
- Claim type
- evaluation
- Recorded
- 25 Oct 2019
- Publisher
- Acquired
Transcript context
…You’re right, but the growth makes sense. It’s the reason I kept raising money higher valuation. They kept filling the buildings. That’s important. The buildings are kept being full. Yeah, they kept being full. Adam, at this point, is very wealthy on paper, but as they keep raising money, it’s unclear exactly the method by which he did this. He starts taking quite a bit of money off the table. Some definitely from selling his own shares, we won’t know. They were employee tenders. I’m told, at least, that there is some debt stuff too at JP Morgan, but in general, every time he sold shares, it was part of an employee tender. He was selling at the same price as they were but just he just had a lot more stock.…
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