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Congrats to the @Conductor team! More companies should look at a model of employee ownership similar to this...https://t.co/LS5lInCJ4F
— Mark Barrera (@mark_barrera) December 12, 2019
The latest in the WeWork implosion saga:
— Shirin Ghaffary (@shiringhaffary) December 12, 2019
WeWork is shutting down Spacious, a restaurant coworking space it acquired four months ago laying off a staff of 50. https://t.co/KyY2pxwAVN
Now that’s leadership. Congrats @Conductor & all the employee-owners. https://t.co/9B0PDaEkD0
— Jeffrey K. Rohrs (@jkrohrs) December 12, 2019
Oof! The @WeWork fallout continues... @spacioushq is getting closed down at the end of this month, 4 months after it was acquired by WeWork for USD$42.5m... all 50 staff laid off ? https://t.co/dousqybjVW
— Jonah Merchant (@simianaudio) December 12, 2019
Bummer. I love @spacioushq and think it fits well within a modern real estate offering. https://t.co/DoSsUtzbq8
— Dror Poleg (@drorpoleg) December 12, 2019
New: @Conductor has fully divested from @WeWork, with its own CEO & COO buying back shares. Plus, Conductor employees will be given founder-preferred shares, creating “250 employee co-founders” who collectively own a majority stake. https://t.co/L301nKbnMa
— Kate Clark (@KateClarkTweets) December 12, 2019
Congrats to @Besmertnik @stephanbajaio and the Conductor team on spinning back out of We. Looking forward to seeing what they do next!https://t.co/UuBwBj9xJ5
— John Doherty ? Denver entrepreneur (@dohertyjf) December 13, 2019
New: @Conductor has fully divested from @WeWork, with its own CEO & COO buying back shares. Plus, Conductor employees will be given founder-preferred shares, creating “250 employee co-founders” who collectively own a majority stake. https://t.co/L301nKbnMa
— Kate Clark (@KateClarkTweets) December 12, 2019
The rumors were true, congrats to the team @Conductor for being able to pull this off!https://t.co/wHlGLDMxJb
— Joe Youngblood (@YoungbloodJoe) December 12, 2019
This is outstanding. Conductor will be issuing new employee stock options, essentially creating “250 employee co-founders.”
— Emily Edwards (@e_SQUAREED) December 12, 2019
De-acquisition is an exit strategy. ESOPs will be the new IPOs.https://t.co/JgbGq06hQP
Conductor execs buy their company back from WeWork https://t.co/ts0jP03u9l
— StrictlyVC (@StrictlyVC) December 12, 2019
Three startup founders thought selling their companies to WeWork was a good deal.
— David Jeans (@DavidJeans2) December 12, 2019
Now:
- one's business is dead
- another just regained control
- a third is in a bidding war with a rival. https://t.co/JCSKSDlgxN
WeWork Sells Conductor Unit Back to the Founder https://t.co/esZZwc3wlG
— Rich Tehrani (@rtehrani) December 13, 2019
Today, @Conductor announced the successful buyout of its business from @WeWork. The deal will result in over 250 employee co-founders, each given founder-preferred shares — a new class of stock — and a majority ownership stake in the company. https://t.co/OQzbGnhOxp
— Wachsman (@Wachsman_) December 12, 2019