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WeCrashed

The Companion Podcast | Episode 4 and the Venture Capitalists Behind WeWork | 4

WeCrashed

Wondery

Stock Market, Startup, Real Estate, Adam Neumann, We Crashed, New York, Theranos, Business, Society & Culture, News, Wework, Wecrashed, Ipo, Tech, We Work, Silicon Valley

4.4 • 3.6K Ratings

🗓️ 25 March 2022

⏱️ 26 minutes

🧾️ Download transcript

Summary

This week, host Scott Galloway unpacks episode four with New Yorker journalist Charles Duhigg. They discuss WeWork’s financial enablers—specifically Masayoshi Son, the founder of the Japanese conglomerate SoftBank—and what the story ultimately says about venture capitalists. Plus, Scott shares his “Yoga babble moment of the week.” WeCrashed: The Companion Podcast is produced by Wondery, with support from Pineapple Street Studios. 

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Transcript

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0:00.0

Hey, Prime members, you can listen to WeCrashed, add free on Amazon Music. Download the app today.

0:18.0

Hi, everyone. I'm Scott Galoway, and I'd also like Run DMC to play at my party. Not gonna happen.

0:24.0

So this week on WeCrashed, Adam is spending, spending, and spending more.

0:30.0

Samakam, excellent use of the resources we've provided that everybody getting wasted on our dime.

0:36.0

We work as a hemorrhaging money and might not make it.

0:39.0

Relax, we cut expenses, the free bagels, the fruit of water.

0:45.0

We're not in the red because of cantaloupe.

0:47.0

But Adam is set on growing, growing, and growing.

0:51.0

We're going to open 14 new locations and 2 million square feet by the end of the year.

0:57.0

We see Adam try to reframe we work as a tech company.

1:02.0

For a wired magazine and exclusive look inside, we work clouds.

1:05.0

Okay, okay, Adam. What is we work clouds?

1:09.0

And just when things look dire for we work, Masio Shisan gives Adam $4.4 billion.

1:16.0

I'm Man the Best of it.

1:21.0

And as for my yoga babble moment of the week, that would be when Adam tells Alicia Kennedy that he's not offering her a job.

1:28.0

I'm offering you a mission to reach billions to create a global community that will bring happiness and connectivity to people around the globe.

1:39.0

And to make the world a little less lonely.

1:44.0

And don't call it a job, it's a mission.

1:47.0

On this episode, our guest is Charles DuHig.

1:50.0

I'll be speaking to the New Yorker Journalist about we work with financial enablers and why Adam saw Masio Shisan as the ultimate father figure.

1:57.0

If Bruce and Levy is the kind of tough love father who tells you like, you gotta go to football practice.

2:03.0

Then son is the kind of dad who's like, kids, let's go to Las Vegas and shoot machine guns.

...

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