Hulu’s WeWork doc tries to recapture the energy of the 2019 saga

In fall 2019, the story of WeWork’s Icarian plummet —from the startup destined to change the way we work and live to the laughing stock of Wall Street—played out with all the drama you’d expect when at its center are a messianic CEO and a Japanese billionaire enabling his reckless whims. As you may recall, former WeWork CEO Adam Neumann had a vision of creating a culture of communal workspaces that was turbocharged by SoftBank CEO Masayoshi Son investing more than $10 billion in WeWork with a mandate to Neumann to think bigger. WeWork soared to a $47 billion valuation and was on the precipice of going public until its prospectus raised a sea of red flags —from the company reporting $900 million in losses and $47 billion in lease obligations to Neumann’s wife, Rebekah, being granted the power to name his successor should anything happen to him. It was a tale of staggering hubris, lavish excess, and toxic leadership that became catnip for a storm of media coverage. Indeed, in today’s insatiable market for content for video streaming and on-demand audio, the WeWork saga inspired a flurry of deals to turn this story into tragedy, farce, or a bit of both. Last year there was Wondery’s deep-dive podcast miniseries WeCrashed , and New York Magazine contributor Reeves Wiedeman published the book Billion Dollar Loser. Yet to come is the book The Cult of We from Wall Street Journal reporters Maureen Farrell and Eliot Brown, which is being adapted into a limited series with Succession breakout star Nicholas Braun. Another forthcoming book, about SoftBank, from Fast Company contributor Katrina Booker, was fast-tracked for a TV series from Blumhouse. An Apple TV Plus limited series starring Jared Leto and Anne Hathaway as the Neumanns has also been announced Read More …

Hankering to meet new people? Try one of these virtual networking apps

During the coronavirus pandemic, design executive Trip O’Dell says he’s connected with dozens of new people. It’s not that he’s been dodging the need to quarantine. Instead, O’Dell has been connecting through video chats arranged by a startup called Lunchclub that pairs people with common interests for serendipitous conversations. “There’s an element of meeting that really interesting person on a cross-country flight that you just end up talking the whole time,” he says. Through the service, he’s connected with venture capitalists, making connections for a startup he advises, and even lined up a speaking engagement after discussing his own experiences with dyslexia and his work in accessible design. Lunchclub and apps like it have come to fill a void during a time when business conferences, local meetups, and social outings of all kinds have gone to Zoom—or just gone away. These digital tools connect users via shared interests and a dose of randomness by putting two strangers on a video call where hopefully they hit it off. Some, like Lunchclub, focus more on connecting for business purposes, while other services connect people to discuss hobbies and other shared interests. These services have effectively stepped in to fill a pandemic-era void, in which the types of serendipitous encounters that drive people to move to big cities and attend conferences and conventions have been strictly limited for virus safety reasons. Lunchclub , which uses machine learning to match members with others who share their interests, didn’t originate during the coronavirus era. It got its start about three years ago primarily connecting people for actual in-person lunches and meetings. Cofounder and CEO Vladimir Novakovski says that the platform’s creators had realized that traditional social networks don’t really facilitate new connections—rather, they’re built around existing ones. About a year ago, with the spread of the virus, the company successfully switched from in-person meetings to video calls. “Last year, we grew across the board very significantly,” Novakovski says, explaining that the professionally focused network saw a rise in new members who work in entertainment, biotech, and other industries. Novakovski says users range from young students to senior executives; members are asked to specify their interests and a bit about what they do when they sign up. Members also list goals like “explore new projects” or “brainstorm with peers,” and connect sites like LinkedIn and Twitter to provide data for better matchmaking. “Everyone has long-term goals, and we understand what those are and ask about them on registration,” he says. “At the end of the day, people understand the way they’re going to achieve them is through building their network with relevant people who have mutual interests and mutual values around the same place in their career.” The platform is currently free, but Novakovski says he envisions that in the future Lunchclub could license its technology to anyone looking to connect like-minded people, whether that means wedding planners or conference organizers Read More …

How remote work helped us move past old-school ‘professionalism’

Over the past year, much has been made of where, when, and how we work. But the sweeping shift to working remotely has raised a deeper question that we’re still not sure how to answer: Who are we at work?   The pandemic has scrambled so much of the “normal” professional experience—commutes, workspaces, business hours, childcare, business travel—that it’s also rewiring our concept of professionalism itself.   For me, “professionalism” began 18 years ago when I started as an intern at Microsoft. Today, I lead a team of more than 500 designers and researchers creating the next generation of communication and creation experiences for Microsoft 365, across both work and life. As you can imagine, design at Microsoft has changed dramatically over the years, and that includes how people collaborate.   When it comes to traditional modes of expression, both Microsofties and our customers typically drew a clear line between work style and personal style. Take emoji or reactions as an example. I use them freely in texts or on social media, but on a productivity platform like Microsoft Teams? As much heart as I put into my work, I never thought I’d “heart” things there. I do that at home, where my guard is down. But now that the office is my home, there are hearts all over the place. I heart everything (unless I’m giving it a thumbs down). Read More …

I run Google TV. Here are my secrets for leading a team remotely

Even before COVID-19 led people to turn their dining rooms into makeshift offices, remote work was on the rise. Perhaps unsurprisingly, many businesses have found that remote work makes it increasingly difficult to preserve their company culture. After all, perks such as childcare, happy hours, and social lunches don’t mean much if you’re not on-site. What’s more, remote work has the potential to throttle the kind of free-flowing collaboration and brainstorming that happens when people are in the same space. That said, remote work is not without benefits. In fact, when done right, it’s a win for companies and employees Read More …

The company behind the NBA’s NFT trading cards is now valued at $2.6 billion

NFTs, or nonfungible tokens , have exploded in both the financial markets and the zeitgeist at large. Simply put, NFTs use blockchain technology to authenticate digital assets, which can then be bought and sold—sometimes at staggering sums. Much of the hype around NFTs has been fueled by headline grabbing sales, such as the artist Beeple’s recent $69.3 million payday for a single digital artwork, Twitter CEO Jack Dorsey hawking his first tweet for $2.9 million, and the original GIF of the internet’s favorite Pop-Tart cat going for nearly $600,000. While some analysts worry that NFTs are a speculation bubble primed to burst, Roham Gharegozlou, CEO of blockchain company Dapper Labs , is planning for the long haul—and he just received a major round of funding to meet that goal. Announced today, Dapper Labs, the company behind the National Basketball Association’s (NBA’s) digital collectibles platform Top Shot , closed $305 million in funding led by investment management company Coatue, with additional backing from Michael Jordan, Kevin Durant, Andre Iguodala , Will Smith and Keisuke Honda’s Dreamers VC, Andreessen Horowitz, The Chernin Group, and more. Dapper Labs came out of beta last fall and is now valued at a $2.6 billion. ????ALL HAIL THE KING???? @YoDough scooped up this Legendary LeBron James Moment from our Cosmic Series 1 set for $208,000‼️ This Moment is from our first Legendary set ever minted ???? The top acquisition for any NBA Top Shot Moment … so far. Congrats on the nice pickup! ???? pic.twitter.com/rFLMzbwXN7 — NBA Top Shot (@nbatopshot) February 22, 2021 Founded in 2018, Dapper Labs is on a mission to make blockchain technology mainstream. Its first product, CryptoKitties (which Gharegozlou launched in 2017 under venture studio Axiom Zen), gamified the blockchain experience by allowing users to collect and breed digital cats as NFTs. But its partnership with the NBA has been one of the most notable cosigns in making blockchain more accessible. Launched last October, NBA Top Shot, powered by Dapper Labs’s own blockchain system Flow, allows users to buy and sell Moments, i.e. digital trading cards that feature a clip of an NBA player’s best shots or plays. A video of LeBron James dunking on Nemanja Bjelica during a 2019 matchup between the L.A. Lakers and the Sacramento Kings sold on Top Shot for $208,000. New Orleans Pelican Zion Williamson’s epic shot block in a game against the Denver Nuggets Read More …