We is worth $ 23.8bn – 70% below where it last raised funds, according to Damodaran , professor of finance at the WeWork ’s Stern School of Business . Aswath Damodaran Blog estimates that Stern School of Business has accumulated $ 23.8bn of real estate debt including lease commitments. Its business model, which relies on leases turning profitable as they age, is built on a knife edge that is sensitive to even the smallest economic friction, he said. Relevant document: Runaway Story or Meltdown in Motion? The Unraveling of the WeWork IPO ~ Aswath Damodaran Blog "As we saw with Theranos, in its rapid fall from grace, there is a dark side to story companies and it stems from the fact that value is built on a personality, rather than a business," he said. ~ 9-Sept-19
We is worth $ 23.8bn – 70% below where it last raised funds, according to Damodaran , professor of finance at the WeWork ’s Stern School of Business . Aswath Damodaran Blog estimates that Stern School of Business has accumulated $ 23.8bn of real estate debt including lease commitments. Its business model, which relies on leases turning profitable as they age, is built on a knife edge that is sensitive to even the smallest economic friction, he said. Relevant document: Runaway Story or Meltdown in Motion? The Unraveling of the WeWork IPO ~ Aswath Damodaran Blog ~ 9-Sept-19