Resources
- WeWork’s dazzling fall in the second half of 2019 was a reminder that all organizations are interconnected systems–and those systems have to make sense. One of the alarms in WeWork’s IPO filing was the questions surrounding some basic organization issues, such as who owned the name and the relationship of the company (and its founder) with its own office space. The result, according to this article, is a return to the basics of wanting companies to be profitable as one measure of valuation.
- “It was a House of Cards”: After WeWork (And Uber, and Fitbit, etc.), Wall Street Loses Faith in Unicorns,” William D. Cohan. Vanity Fair, November 4, 2019 (Click Here).
- Bench provided accounting services to small businesses starting in 2012, (it rebranded to Bench in 2013). Once valued at over $1 billion, Bench employed 600 employees and had 12,000 clients when it suddenly closed in December 2024. Bench’s valuation was based on sustaining its growth and problems related to adopting Artificial Intelligence to manage clients’ bookkeeping entries.
- dfad