News 

SoftBank-backed startup Fair burned through nearly $400 million in 10 months. Insiders reveal how Softbank stepped in and cleaned house in the wake of WeWork.

“Fair employees thought it was for a Series C round of fundraising, but instead some managers told them their projects were frozen” writes Meghan Morris for businessinsider.com. Some employees were also troubled by their personal work for Painter, echoing WeWork employees’ complaints about their work for then-CEO Neumann’s extended family.Multiple Fair employees said they paid vendors personally, since small businesses weren’t getting paid by the company, which Painter denied.Business Insider spoke with Painter as well as 12 current and former Fair employees about what it’s like to be a Softbank-backed company in the wake of WeWork.”We’re excited about both sides of the business,” Painter said.
 
Source: businessinsider.com



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