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You\u2019d think \u2013 after the billion dollar collapse of Theranos \u2013 that investors would be wise to startup wolves in unicorn clothing. And yet, the scandal that has engulfed WeWork \u2013 an Airbnb for business workspaces \u2013 perhaps shows that the lessons of history\u2026 They might not have been truly heeded just yet.

What is key in the WeWork scandal is the lack of a symbiotic relationship between innovation and risk-based governance. In my mind, one can\u2019t effectively thrive without the other fueling a competitive tension that forces exceptionalism in both.

WeWork was supposed to be the next Amazon. The next Airbnb. The next Alibaba. Instead, there is the very real possibility that WeWork may become just another footnote in the history of failed startups. Snuggled up against Theranos.

The Risktory Podcast is created, written, produced and hosted by Jacinthe A Galpin.

Soundtrack (sourced from www.freemusicarchive.org)
Alan Spiljak \u2013 Clouds
Alan Spiljak \u2013 Forgotten
Alan Spiljak \u2013 Light blue
Alan Spiljak \u2013 Empty days
Alan Spiljak \u2013 Stars above
Alan Spiljak \u2013 Not the end
Alan Spiljak \u2013 Sun
Alan Spiljak \u2013 Flying away
Alan Spiljak \u2013 Time
Alan Spiljak \u2013 Fantasy in my mind

Bibliography
https://www.vox.com/recode/2019/9/23/20879656/wework-mess-explained-ipo-softbank
https://www.businessinsider.com/wework-ipo-fiasco-adam-neumann-explained-events-timeline-2019-9
https://www.investopedia.com/articles/investing/082415/how-wework-works-and-makes-money.asp
https://nymag.com/intelligencer/2019/09/what-happened-at-we-why-wework-postponed-its-ipo.html
https://www.vanityfair.com/news/2019/11/inside-the-fall-of-wework