03-10-2019 20:28 via news.yahoo.com

WeWork seen as startup lesson in what not to do in Silicon Valley

The implosion of office space company WeWork this week is being digested as a lesson for Silicon Valley startups - in what not to do. WeWorks parent The We Company on Monday filed to withdraw its initial public offering, a week after the SoftBank-backed startup ousted founder Adam Neumann as its chief executive officer and as its potential IPO valuation dropped as low as $10 billion, from $47 billion in January. The consensus among venture capital investors at the TechCrunch Disrupt conference a
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