@glynmoody The challenge is that it’s not a new business model, companies such as Regus have been doing this for ages with much lower valuation multiples. It transfers the risk to the company in between (Regus, WeWork) so tricky business to run.
Neumann claimed to add some special sauce to present it as a tech firm with tech valuations.
One could argue that he more or less sold a dud to Softbank and that they let him get away with to save face.
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