Billion Dollar Loser: The Epic Rise and Spectacular Fall of Adam Neumann and WeWork
** 29th book of 2021: 21st Century Economy ** He is 1/4 crazy, 1/4 brilliant, and the other half is a fight between his ego and genuinely caring for people. * While this sentence describes Adam Neumann, it could be said about almost any startup founder or successful venture capitalist. Every startup needs an element of irrationality when salaries of companies like Google and Facebook are enough to surpass even the lofty expectations of ivy-league millennials. The most successful VCs must make contrarian bets to stand out, and the ones who win at the casino table return lauded as geniuses. Players on both side are selected into a system of increasing bravado and ambition. Add in a 20 year bull market for technology companies and a world awash in capital, and nonintuitive results, such as plowing billions of dollars towards nice office space with a great salesman ensue. ...