Pishevar: Passed on WeWork over flawed business model
Shervin Pishevar · Shervin Pishevar: What Really Happened in the Firing of Travis Kalanick | E1245 · 20VC with Harry Stebbings · Jan 13, 2025 · at 59:55
Shervin Pishevar is a venture capital investor who led early investments in Uber and Warby Parker. He explains why he refused to invest in WeWork during its high-valuation expansion.
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“I passed on that company, that was ironically another benchmark company. I passed on that company because it didn't, I remember the dot com crash and all the office buildings being cleared up. And I was like, I don't get this business model. You don't own, own it, and you could be removed, you know, pretty quickly from, you know, your customers. So I didn't see the strength in that business model.”
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