The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 5 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
WeWork was not a tech company and suffered fatal asset-liability mismatch
“My disconnect was that it just wasn't a technology company. And even as a real estate business model, it had this issue with Asset liability mismatch, right? I mean, your leases are very long-term and your tenants are frequently very short-term and that leaves…”
Virwani: Real estate developers have failed to replicate the co-working model
“Many developers, you know, even in the country or everywhere else have tried to do this business or replicate the business, and none of them have been successful.”
Gulati: Startups Scaling on Shaky Foundations via Capital Will Fail
“If you have a shaky foundation and you're just trying to build more layers because you have availability of capital, you will fizzle out. WeWorks is the biggest example of that.”
Virwani: WeWork India was WeWork's first global franchise model
“So because of that, we had to finally come to what ended up becoming the first ever franchise model for WeWork, where we said that we will Take the plunge. We will, you know, the money, we will grow the business under the WeWork brand name. And, you know, you …”