AN: “When the whole world is telling you that, yes we believed, and we thought it was really happening.” – reflecting on how he accepted WeWork’s $47 billion valuation as a private company. Its market capitalization is below $7 billion today.
AN: “Co-working in the time of corona is not the world’s best idea. Flexible offices and community in the post-corona world, when work has shifted, might turn out to be one of the best ideas.”
AN: “WeWork is a public company, it’s valued in the billions of dollars, and it’s positioned to be a real winner. If you’re gonna say that it’s a house of cards or it’s a fraud, that’s just false.”
AN: “We’ve gotten pretty excited about crypto over the past half a year.” – Neumann said his family office initially invested in three crypto-exposed companies, and he and his team have since looked at DeFi and Klima, a carbon-capture protocol.
KG: “We’re seeing a market that is showing signs of real frothiness. We’ve got some pretty significant stock-price moves on relatively small events. I worry that as we move away from fundamental values, as multiples become incredibly high, any form of either policy error or a company having a bad spell is going to result in a pretty dramatic repricing of equities.”
