https://padlet.com/dbeckman1013/gfq7dvuqjuhk8hz0 en-us 2023-03-02 16:05:43 UTC 2023-03-10 14:08:41 UTC hello@padlet.com dbeckman1013 https://padlet.com/dbeckman1013/gfq7dvuqjuhk8hz0/wish/2511377786 Factor of production: Labor
Newman had a couple startups at the time when he met him. Newman and Miguel hit it off immediately and became friends. They worked well together as Miguel never liked to be the center of attention but like to be next to the center of attention and that is Adam Newman ]]> 2023-03-10 05:21:58 UTC https://padlet.com/dbeckman1013/gfq7dvuqjuhk8hz0/wish/2511377786 dbeckman1013 https://padlet.com/dbeckman1013/gfq7dvuqjuhk8hz0/wish/2511382611 Factor of Production: Entrepreneurship 
They met with contractors to try to get a lease on an office space. They had no business plan or anything but had a vision that they were trying to execute but first needed space to lease so they set out in search of it. Was asked about what they would use the office space for and Miguel in one night creates a website and business plan and gets the right to the domain of the company to make them seem more legit.]]> 2023-03-10 05:27:27 UTC https://padlet.com/dbeckman1013/gfq7dvuqjuhk8hz0/wish/2511382611 dbeckman1013 https://padlet.com/dbeckman1013/gfq7dvuqjuhk8hz0/wish/2511386274 Factor of Production: Land
Ideal building for the startup, Brooklyn vibe. They were “BSing” in order to get the space by making their company seem more legit than it actually was. Get one floor from Brooklyn landlord to startup their company.]]> 2023-03-10 05:32:15 UTC https://padlet.com/dbeckman1013/gfq7dvuqjuhk8hz0/wish/2511386274 dbeckman1013 https://padlet.com/dbeckman1013/gfq7dvuqjuhk8hz0/wish/2511402438 Factor of production: entrepreneurship 
Partnership wasn’t working because Miguel wanted to expand out to areas like San Francisco but their partner wanted to just fill up their Brooklyn locations first. They then acquired money through the selling to essentially start over. They got somewhere between half and million to a million dollars each. Gale used the money to move back to Israel and live a good life but Adam and Miguel saw that they had something there it’s that idea and decided to use there money to invest into their next company.]]> 2023-03-10 05:53:41 UTC https://padlet.com/dbeckman1013/gfq7dvuqjuhk8hz0/wish/2511402438 dbeckman1013 https://padlet.com/dbeckman1013/gfq7dvuqjuhk8hz0/wish/2511410216 Factor of production: capital
Had the money from the sale of their last company to put enough down on the security deposit. Needed renovation that costed a little over a million dollars. Was a good time to by the building because the real estate market was way down. They then renovated it all by themselves wiring it all and cleaning up the place.]]> 2023-03-10 06:03:30 UTC https://padlet.com/dbeckman1013/gfq7dvuqjuhk8hz0/wish/2511410216 dbeckman1013 https://padlet.com/dbeckman1013/gfq7dvuqjuhk8hz0/wish/2511423799 Factor of production: entrepreneurship
Started the company with Adam Newman again. Used the money they got when they sold Greendesk. They pretty much went into the same business and had a tough time finding space because Greendesk owned a significant area in Brooklyn and Manhattan. They also had a tough time think of a name because they wanted it to apply to everyone and they stumbled upon the name WeWork]]> 2023-03-10 06:20:55 UTC https://padlet.com/dbeckman1013/gfq7dvuqjuhk8hz0/wish/2511423799 dbeckman1013 https://padlet.com/dbeckman1013/gfq7dvuqjuhk8hz0/wish/2511424496 Factor of production: capital
Went to find space for the building and instead encountered a potential business partner who was willing to do whatever it takes to be a part of the company. They didn’t want anybody else early on so they gave a ridiculous evaluation of $45 million without even having any buildings, much less a lease on one and he took the deal. Empowered Miguel and Adam to think really big and used the money to expand over time]]> 2023-03-10 06:22:03 UTC https://padlet.com/dbeckman1013/gfq7dvuqjuhk8hz0/wish/2511424496