WeWork and Adam Neumann | $47 Billion Valuation Driven by New Age Nonsense?
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- čas přidán 7. 07. 2024
- This video answers the question: Can I analyze the case of WeWork and Adam Neumann?
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References:
www.nytimes.com/2021/11/09/bu...
nypost.com/2021/07/17/the-sho...
www.cnn.com/2021/11/09/tech/a...
www.vanityfair.com/news/2021/...
"Work hard, play hard" - when a company uses that phrase, it almost always means, work brutal hours, play on rare occasion. But hey, I suppose "work sets you free" was unavailable.
The 'We' concept was sheer brilliance: imagine expanding it to: We Wee (urinals), We Weep (funeral homes), We Wheel (any kind of vehicle), and many more.
We Wipe (regular toilets).
@@battleofwills7189 We Were (historians)
Love WeWeep. If there is one thing the death business needs, it is aggressive charisma, an upbeat atmosphere, camaraderie and high-fiving undertakers.
@@somexp12 Agree. Instead of saying the coffin is half full, say that it is half empty.
😅🤪OMG!!!
“We suffocate,” “we freeze to death”😂😂😂😂😂 Thanks for the laughters again, Dr. Grande!
I’m in disbelief how anyone could’ve managed to build a company, a billion $$$ worth company, with such a generic concept😳
When he went from We Work to We Live , I made the analogy to the movie They Live I couldn't believe it ... hahaha that was brilliant .
If anyone hasn't seen it they really should it's really a great movie and has a great fight scene in it . The main character is the famous pro wrestler Rowdy Roddy Piper , may he rest in peace
Clearly they didn’t, and that was the whole problem. Even idiots eventually figured out it wasn’t worth billions.
Doctor G can you Analyze the case of Alison Parker a news reporter that was shot and killed while doing a live report by an ex co- worker. Thank you for the GREAT videos!!!
I remember that! I think the video is even still up on CZcams
That story was so sad.
Please do this one dr grande
That video was terrifying
Is this the video on the bridge and the camera man dies too
Enron, Theranos, the 2008 crash, and this guy. Makes me think about cashing in my stock and buying gold and hiding it under the mattress.
A bit lumpy, no?🛏
@@bthomson not if you get gold coins and lay them side by side. I’ve put some thought into this!
Don't forget the Canned foods and shotguns
@@markminton6904 I think you are confusing this with a zombie apocalypse.
Yeah Really
Why does this man's ultimate goals sound like the goals of a 5 year old kid? President of the world?
Boy that little hat on the cactus behind Grande is just darling. A video about new age i predict that there will be a good joke snuck into this analyze.
Well I guess Adam Newman wasn't mindful enough about mindfulness in selling hot air, but it got him $700 million!
I love how the name dropping cousin Rebecca Paltrow is mentioned only twice in 14 minutes 😀
What doctor says about the motivation that drives the followers of cults is absolutely correct.
Yes, just look at the whole Q trumpets!
Agree. That need for meaningful purpose can be fitted to serve the interests of any ideology or religion.
I actually had toured a couple of West Coast "wework"s as I had been a remote worker for years. They never got a penny from me. I have always had a really great BS detector and even though I was never in the same room as little boy Adam I had seen the promotional materials and it was deep in BS. I thought at the time it might last but never grow as big as it did... ironically it had grown bigger than I ever believed but did not last.
My experience it was as if Amway salesmen went to the Fyre concert. A narcissistic person with charisma can do a lot of harm, especially when backed by investors as he was. I love that "wework" became a cautionary tale for millennials in NYC but surprisingly a couple of West Coast followers of this cult-like atmosphere I had met were sad to see it go.
One can still rent space in shared office blocks. They existed long before weewee and they will continue as our workspace evolves, just without the kool-aid.
Thanks for another great video Dr Grande.
I think it was the company that was the problem rather than the product itself, wasn't it?
They still have shared office spaces. It's good for small entrepreneurs, businesses and the owners of the office space facilities. It's just business as usual, though. No cults, like Adam's WeWork.
@@LDiamondz exactly. And it was expensive. At the time I was scouting for not only shared office space but also to record bits for a podcast. Starbucks for the communal office space and my walk-in closet with clothing muffling the echo for the podcast. Easy peasy. No cult.
@@eadweard. that, but it was also the rates they were charging, it's been awhile so I can't remember the rates but you can find shared office space has for much less, especially on the West Coast... This was a couple of years into their worldwide domination and it was rather pricey by that time.
How's your B.S. detector when it comes to Trump? I'm curious because I'll bet there's number of Trump supporters here who agree with Dr. Grande's assessment of Adam Neumann and WeWork, who don't recognize their own involvement in a cult.
If only us normal people could be privy to a 1 billion dollar golden parachute every time we committed financial fraud
I guess that's what we get for not having friends in Hollywood
Hollywood and politics. Neumann, Kushner and Kutcher - the unholy trinity
How 'bout Gweneth?
That's another proof of the power of charisma. It happens also in private circles that people get mesmerized by a charismatic person. Still it's difficult to explain what are the ingredients for that and why a few have it and the rest not. Interesting analysis, Dr. Grande!
I believe many people have charisma and if they had no moral scruples could pull off what he did. Instead, they have chosen to use their charisma to build their families and to create strong foundations for them to achieve true happiness, real spirituality, and a good if not exorbitant standard of living. It's your garden variety kind of love, boring yes, and Dr grande will never have to do a video about them, but still worthy unless we forget reflects to decency of most of mankind. Just because people don't use their charisma to steal doesn't mean they don't have it. Christ had charisma and he told everybody to give up all their wealth. That's just not the style these days.
Like Elizabeth Holmes.
SAD
@@Catlily5 him, Holmes and that guy from Nikola. Tripartite of Frauds.
In this iconic self defense book, The Gift of Fear, DeBecker, the author says Charisma is a technique and not really an inherent characteristic. Most often charisma is used to get people's attention and trust. Many times so the charismatic can fool or harm others. Narcissists and Sociopaths definitely use this technique.
Dr Grande…. YOUR BOOK!!!! 👏👏👏👏 Purchased today, online, and I can’t put it down. How you managed to write this book “ Harm Reduction” and still put out video after video on CZcams (and Patreon,!!) is behind my comprehension.
People…. Buy the book!!! “ HARM REDUCTION” by Dr Todd Grande. 😀 Being somewhat modest, Dr G hasn’t mentioned his book enough. So I am shamelessly promoting his work of fiction. Well done , Dr G. Congrats on a great novel!! ♥️♥️
It's fiction?? Oooh....interesting...x
Haha I love the dry humour as usual, and the Christmas decorations must of taken you hours.
lol. Hours! 😆
Just right! Not too much but also not nothing!🌲🎄
hhaha, You must have learned how to throw shade from the master, himself!
Okay, the harm reduction part with the beer made me burst out laughing :)
"We Suffocate. Or We Freeze to Death." Sheesh, doc. I just spit my tea across the room. :-) (Can you analyze the Cohen family murders in Jerusalem in 1986? Netflix documentary on the subject is called The Motive.) Thanks for all you do!
Paranoid schizophrenia was the diagnose.
Oh thank you I have not heard of this docuseries until now.
I lived in Israel a few years ago and the interviews with first responders and his lawyer really brought me back. Israelis are a unique bunch. Much of their culture is founded in Judaism but they are also distinct from diaspora Jews.
Another exceptional commentary Doc. I’ve watched the last few episodes more than once cause they were outstanding!
BTW, love the holiday cactus lights almost as much as your shirt!
Whilst this is all true, I have no doubt that a lot of this saga was fuelled by Wall Street types who fully realised Neumann was spouting absolute nonsense, but also that it didn't matter so long as the share price kept rising.
Money has totally replaced mortality!
Less so the share price as it was private but the valuation it was able to achieve by getting funding from Softbank. If in fact this had been a listed company it never would have reached the valuation as analysts would have sussed at the dubious accounting, this was seen when they were going to go for their IPO
What about all the high ranking military people that gave Elizabeth Holmes billions of dollars when they had NO knowledge of biotech or anything scientific.
Matt is? Jesus. They were fawning over a blonde/blue/long legs/ con woman. Idiots, I say.
@@bthomson yeah. if you have enough money, you're not mortal
@Franz Fanon Wallstreet knew Adam was full of it but they "knew" the IPO would be worth a lot.
2. Adam refused to file a proper S1; which showed everyone he is totally irresponsible.
3. Wallstreet knew he was full of it; but didn't think he was so foolish as to not file a proper S1.
I became aware of Adam Neumann about a year ago,and watched and read everything I could on him. I think of his business WeWork, and Elizabeth Holmes business Theranos,as being very similar. Enjoyed the video as always!
Dr. Grande, your sarcastic, deadpan delivery is PRICELESS.....re: "we suffocate". Keep up the good work. I thoroughly enjoy your analysis.
I love the business networking concept, but Adam's motive was self serving.
The workers got free beer🍺🍺🍺 and Adam got a golden
parachute.
This reminds me of Elizabeth Holmes, Theranos founder. She was also very charismatic, confident and had that likability factor that people gravitate towards.
Another great cautionary tale for the regular folks out there.
Thanks Dr. Grande🌵🌵🌵🌵.
"Unlimited beer!"......sounds like every alcoholics dream.
..."we suffocate, or, we freeze to death" 😂🤣🙏🏻 priceless, Dr. Grande 💚
Thank you, Dr. Grande, for doing the episode on WeWork! Don’t know if it was already in your lineup or if it was from my comment on a previous video but either way I’m glad!!
This is all news to me. I rented space at various we works throughout New York City between 2016 and even still use it occasionally in 2021. I really had very little to no knowledge of who Adam Newman was, nor did I care. I was just someone running my small business and needed a flexible office space to meet with potential new hires and have meetings. I didn’t really ever hear anything about Adam until I heard that we work was going public and still I don’t know what happened to that… seems like the hot mess express.
Wow, this one is truly a gem. I'll be sharing it for sure. Happy Holy Days Dr. Grande 🤗
The "They Live" bit is pure gold. Thank you Dr. Grande, that made my morning brighter.
Can a 'Hell comes to frogtown' reference be far behind?
@@wkgmathguy218 I'd rather see an Escape from New York or Big Trouble in Little China reference.
Fits right into the Paltrow family.
How sweet is this decoration? Did his wife do that? Wins the cuteness gold medal. 🧡💙💛 Btw even my humble person knows this special enterprise doctor is talking about.
Imagine bragging your cousin is Gwyneth 🤣
My husband's father says they're related. Some people want to be near popularity, I guess.
It's not a bad idea to be a little wary of tall, handsome smooth-talkers who have big plans for your life.
It always amazes how many people fall for this type of men.
I've seen pictures of these places and have no idea how people got work done. You couldn't have a private phone conversation with a client, you couldn't work without other people chattering around you - it's just people hanging out with their Starbucks and thinking they're accomplishing something. I guess it's an age thing, but I notice a lot of younger people can't seem to function w/o others around. They can't even live alone. College is over.
Yesssss I was just thinking of that today actually. I had a conversation recently where someone said they didn't like their new job as it was only with their boss and they needed to socialise at work with other people and I was baffled.
I was eating a sandwich when it got to the Mars part, and I legit almost choked to death
I’ve observed you’re really at your zenith when covering a case with a doofus or villain at the center, but no death, so that your humor can really shine without any guilt about laughing at a victim.
I swear this man's deadpan humor always lands because he glides over it with the smoothest demeanor possible. It cracks me up 100% of the time.
Dr. T is the James Brown of CZcams. The hardest working man in showbiz.
I am not diagnosing him. I’m simply speculating as to what could be happening in a situation like this.
Never knew about them, now I see why lol. Drugs & putting it to "the man" while scamming folks. Sad people get taken in by these types. Thanks Dr G, Happy Fri 😊💟💟
One of the themes I see in cases like this is that very often the "leader" is riding a social wave that coincided with their work. Without that social wave they would not have gotten very far.
In this case, the social wave was entrepreneur worship. A few successful companies who became household names somehow convinced people that "this time is different". It's always the same story. Some company does something profound or at least substantial, suddenly everyone is on a "mission" to reinvent the wheel instead of just making a better cornflake and working for market share.
A highschool schoolmate of mine became a barber. Out of nowhere, I start seeing all of his social media post about vision, leadership, unlimited thinking, a t shirts with catch phrases. Woe. Congrats on starting a business, but you're a barber. Yes, a few super talented barbers may become really popular online etc, but the whole thing just started to become a bit ridiculous. That's not to say pursuing dreams is "unrealistic". I put limits on no man. My point is just be righteous about what dream you are pursuing. Is it really your dream? Or are you just an empty suit, preying on people's insecurities to make a cheap back, only to fizzle out and disappoint.
There are a lot of personalities in this space spewing new age nonsense, speaking in the vaguest of generalities, promoting all kinds of hokus pocus and collecting dollars in exchange for not a lot of substance.
Did he manage to finally create and sell an initial barber course for $97 (usually $497) and an upgraded follow up series for $497 (usually $997)? 😂
Morning Dr. G. Lovely to hear a new post. Thank you….
This is the most bizarre story I've heard.. my favorite part is " the name change " we suffocate 😂😂. Love the lights DR, G
Omg I just love your sarcastic sense of humour. President of the world on planet Mars & a trillionaire what more could you want🤣
Adam did not use his critical thinking skills when he announced he wanted to be the immortal President of the World and live on Mars. That's ridiculous. Everyone knows if you are President of this world, you must live on Earth! Duh.
(I don't think the *Grand Elon of Mars* 👽 would be too happy with his idea, either. Oh, and I love those lights!) ❤
I absolutely love your sense of humor.😆
You are good at ironic comedy!!!
Two thumbs up 👍 👍
Another good video!
Please consider doing a show about Aphantasia (I have this and dyslexia).
It’s a condition where I do not have a “minds eye” or “see pictures” of that which I’m thinking.
I always thought “picturing” something in your head was a figure of speech! 😅😂😏
I have come here to chew bubblegum and kick-ass, and I’m all out of bubblegum!🤘🏻
One of my favorite movies Doc!
Really enjoyed your commentary, as always.
I really hope that you can discuss the Michigan/Oxford High School shooting at some point in the future. It's so tragic and there are so many things to unpack there - and it would be fascinating to hear your take on it, as the voice of reason and science.
I recently signed up for Hulu. I have GOT to watch this!
He also sounds like a textbook case of bipolar II, emphasis on manic.
In Scotland "wee" (an extra "e" but sounds the same as "we") means to urinate or urine.
10:30 “we get rich for promoting nonsense.” 😂😂😂that cracked me up!!
Sooooo, this guy pulled a "We Theranos" on his employees and investors. Love the shirt Dr. by the by!
When the trial is over, can you do another analysis of Josh Duggar? I'd really love to see that.
Yes !! I just started watching Counting On, filmed during the beginning of the first allegations coming out, to get a perspective. SMH. It's crazy how much he had on his computer and what it was.
Better than analyzing Josh after the trial, examine the entire Duggar family dynamic and how Jim Bob excelled at gaslighting his own children and shoved his daughters under the bus all in the name of protecting Josh!
Yes I would love to see that.
Rhymes with hugger.
Hi Dr Grande! I love your videos! Just sending some good vibes your way❤️
I like the Christmas lights you have had up for the past couple of videos! Just a small touch of festive in your analyses!
Thank you, Dr. Grande for curtailing the ads. I can now listen again while walking.😊
Thank you for sharing, I am surprised I never heard of this man before. I can always count on Dr Grande to increase my knowledge and keep me informed.
The seriousness of Dr G’s voice and the ridiculousness of what he’s analyzing = comedic gold 🤣. WeSuffocate WeFreeze Hahahahhaahaha
I have been a subscriber for a VERY long time and it’s so exciting to see you are almost to a million subscribers 🤩🤩🤩
Your Christmas decorations Dr G, subtle, minimalistic and casual in a good way
I love it when you got jokes, Doc.
Thanks again for the great analysis, Dr. Grande!
Adam Newman remind me so much of the nexium crowd that followed Keith Renee so glad you brought that up!
Perfect Video as Always Dr. Thank You Sooo Very Much!!!🏜⭐👍👍👍
Love the shirt Dr Grande! Looking fab!
You have such a wonderful sense of humor. Nicely done.
This is great -- I listened to the "How I Built This" on this company and wasn't impressed -- glad to have seen through it early
I saw a job posting on LinkedIn for WeWork after I already watched your video. Had to come back just to watch this video again haha
Good Day, Dr. Grande.
Adam have we work, we live and we grow. Next would be we laugh.
Great analysis Dr Grande!!!
Brilliant analysis. Thank you for the great content you upload daily. Thank you Dr Grande have a great weekend.
Hi CT! How you doing? Think about you!💐🌷🌹🌺
@@bthomson I'm good here you seen the comments I gave you 😃❤👍🎋
Being in la was always like that. No one was ever shy whatsoever about sharing which celebrity they knew, or saw, or sat next to or had some contact with or were related to. I had to move because of it. Now I live in Arcadia out near the Santa Anita race track.
Lol love your username
I worked for the post production team that worked on WeWork's 2019 summit at the Microsoft theater in Los Angeles. First off the company was full of jerks (the boss kept insulting my sneakers because they were old) and it very a very curly environment. I did meet Adam Neumann very briefly: he popped out of a dressing room as I was passing and asked "does anyone have a pen?" And I raised my hand that I had been twirling a pen between my fingers in and extended it to the man who laughed and took it back to his dressing room. His company fell apart after that, I like to think my pen was directly involved.
I’m so tired of the hundreds of personality cult leaders we humans keep turning into….
Awesome Christmas lights!
when he says his jokes in the deadpan way thoooo like omgosh kill me
Whoa - I set the bar way too low. my aspirations included a house in the suburbs and a car all paid for, a community college education and a career that I loved. Now I’m depressed Dr. G, because I could’ve been a trillionaire Martian who ruled the earth. Que sera sera 😩
Lmao 🤣 so , go accomplish more. I went to college and now going get more degrees but before that I will get girlfriend and be married.
Good morning, Dr Grande! 🙋🌵🪴🌵🪴 I have an appointment, but I'll be back. Thank You!
WeWork has offices in Dublin. I pass the building by every time I go into town. I wonder what will happen when the pandemic ends, and if the office space is being used at the moment with most people working frim home. A very interesting video, thanks.
How a company losing a hundred million dollars a week gets valued at 45 billion is beyond me. No real assets to speak of, just a lot of leased space. And the shared working space idea isn't even great or novel. Shows that connections matter more than your ideas or efforts.
Do you remember Amazon or Apple? They lost big time before they started making it big.
The cacti arrangement in this upload is moar than pleasing to the visual senses.
I new nothing about this. Thanks sir enlightening me.
I do enjoy the soft mono tone and exquisite story telling .
I love your Christmas decorations.
Sounds like he is a sycophant of Elon Musk in that he wanted to be working on Mars and is fond of legal mind-altering substances. He probably got financial market traction through his charisma, as you said, but also novelty and the greed of the markets. I see too much of this happening -- novel ideas and excellent salesmanship, but not much substance.
I was thinking if any of the employees of the company watched this video, they would agree with Dr. Grande’s analysis 🌟.
Great video as always🖤🧡.
The deadpan humor is godlike!
This was so interesting. As a recent grad, I was considering applying to their posts but was always surprised at how quickly it grew beyond belief.
I love the analysis on culture, the characteristics of the leadership and his behavior, and how these things influence the development of an organization. There are many companies out there like this ...some get caught or what they deserve and others don't.
At the end of the day, people should really be more conscious about what they follow, who they follow, and hold strong to their personal values beyond organizational influence. You never know the motivation of certain ambitious people, how far it would go or how wild their visions are.
Ty Dr Grande. A good relief from murders 🥴 I like these evaluations better bc they're cautionary tales we can learn from in everyday life.
The grifters are evolving
“We suffocate” and “Immortal Martian Trillionaire…” 🤣🤣🤣
I love the green lights!
Perhaps on Mars he would invent "Webreathe" a community of Alien Humanoids who want to be the President of the Universe...🤣 Awesome humour, cute lights too btw, very festive 👽👽👽👽👽👽👽👽
Dr. Grande- Could you do a video on one of your heroes? Someone you really look up to and has inspired or, at least, lived up to your worldview. Thanks!
Thanks again,doc!
Dr Grande, Could you help us make sense of what happened with this school shooting and specifically the parents of the boy who would knowingly buy their son a gun - when they already knew he had emotional problems?
Well that was intriguing lmfao!!! Im a space nerd.. so hearing you talk nerdy about mars was awesome doc!! Lol:)
Always interesting.
It seems more people are looking for "something", to fix " something". With no clue what that "something" is.
Thank you💕🇺🇲
Blind leading the blind!
We are ready to start to work, Dr. Big.
There has always been people who try to find a sense of purpose and belonging thru others. Cults, mega churches, social media … the list is long. Higher education drill this WE way of thinking, removing a sense of individuality and self-worth, we all should harness into.
"Harness" a truly scary word! I can just feel that terrible restraint! Ug!
Binge watching Dr. Grande while using my charisma to get my laundry done.
Great analysis, Dr. Grande. I think the only comment I would make is that it is the desire of every person to find meaning and purpose in life, to address the questions people have had since the dawn of civilization. The problem you state succinctly is that people will try to find it in wrong places. A work culture is a community, but probably not the place one would try to find the answers to a search for a deep, meaningful existence. It seems to me when these kinds of stories are told that some people are impressed with a very superficial presentation of ideas and conditions without considering even obvious, common sense problems. Drinking on a job. What workplace allows that anywhere? Smoking pot or being so relaxed there would be no real productivity? The financial losses not being questioned or reviewed? It's weird. By the way, Dr. Grande, I sent you an email and didn't hear back from you. It was in response to a comment you had made to me.
Thanks, Doc.