How Venture Capitalists Are Deforming Capitalism | The New Yorker

If you are looking for one more long read on the débâcle of WeWork this one take a particular angle specifically from the perspective of the Venture Investors around it and the firms looking to take them public. If you wonder "Where were the adults to make sure this company was actually a company?" this lends some light.

Example of how crazy it can be:

Bankers from Goldman Sachs were more modest in their valuation—ninety-six billion—but in their presentation to Neumann they compared him to Mother Theresa, Steve Jobs, and Lin-Manuel Miranda, and lauded the “WeWork Effect” for allowing people to “live a true life,” combat loneliness, and avoid deathbed regrets.

Long, but compelling read. Shared via Hector Fernandez. 👏