WeWork is willing to cut its IPO valuation to a little above $15 billion, a third of its last private valuation of $47 billion, a person familiar with the deal said Friday. At the same time, the company’s parent, We Co., made sweeping changes to its corporate governance to win over wary investors. The person disputed reports on Reuters and CNBC that the IPO valuation could be as low as $10...
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The Weekend culture policy
What a Brazilian Steakhouse Says About the Tech Economy
Hi, welcome to your Weekend.One of my favorite tech memes is the “We’re so back” post, the kind that pokes fun at the industry returning to the good old days of expensive perks and wine-soaked dinners.I had a real-life “We’re so back” moment this week when I attended a bacchanalian feast thrown by Bain Capital Ventures at Fogo de Chão in San Francisco. Bain Capital’s private equity arm...
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