Evidence receipt / evaluation
Published · transcript-backedDan Primack: evaluation
25 Oct 2019 Acquired The WeWork “Acquisition” (with Dan Primack)
“An app company can disappear just like that. There is a scandal or it doesn’t work, there is no product market fit.”
Source trail
Everything needed to verify it.
- Speaker
- Dan Primack
- Attribution
- Verified speaker
- Claim type
- evaluation
- Recorded
- 25 Oct 2019
- Publisher
- Acquired
Transcript context
…That’s actually true. I believe by 2014, WeWork had become the single largest lessor of new available commercial square footage in New York City. Think about all of the real estate investment and property developers in New York. WeWork was the largest so of course, they were attracting attention of these folks. It goes back to what you said earlier. Remember also what they are investing in. An app company can disappear just like that. There is a scandal or it doesn’t work, there is no product market fit. Worst thing that happens here is you end up with a shell company that’s got, as you said, all the commercial real estate in New York City. That’s the worst case scenario. That’s pretty safe as venture capital investment. Goldman, JP Morgan, they’re going to be so happy to take over these leases if something goes sideways here.…
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