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"I heard he purchased a bunch of real estate and then lease them to WeWork and made a killing."

Clearly an ethical guy we're dealing with here. I'm sure this will all pan out well down the road.

At least in the UK, this would not be considered unethical I don’t think.

It’s standard practice to buy a building personally and rent it back to your own company. It’s what accountants recommend you do.

That’s fine if you’re the sole owner of your company, but not so much when there are other owners who have collectively invested billions.

That's generally for relatively small businesses, particularly family owned ones - often the premises are owned by the company pension scheme, which is both tax efficient and allows the wealth to be passed onto future generations

It's also not unusual for some larger companies to have their head office owned by the founder / majority shareholder in a separate company, Monsoon and Arcadia in the UK are two examples of this

Heheh coughUber*cough

Seriously where’s the vetting VCs are supposed to be doing? Used to be you had to hustle AND have a good idea to have a VC ready company. Now it seems like all you need to do is hustle and be in the tight geographical location (Sillicon Valley) and you will get money for stupid things like this damned Coworking company with free beers.

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