Thread by @ryan_caldbeck

Dear @wework, Please stop investing into consumer companies. I’m not sure what possible strategic vision there could be, and how it could help you be great in real estate, but you’re killing these companies by overcapitalizing them with absurd valuations.

I think when Tech VCs invest into CPG/retail it is a disaster. They tend to put outrageous valuations perhaps driven by the belief that a consumer company can “own a market” like some tech companies could.

You know because Juiecero was going to own 70% of juice right? Or a mayo company might own all of condiments?

Anywho.....when you (@wework) invest its kind of like an amplification of the worst parts of a tech VCs investing into consumer.

It is hurting entrepreneurs.

I know its small #s on the billions you have raised, but it is hurting companies not helping them.

Please stop.