Inside the sublease structure behind Fishburners’ move to Tech Central
Fishburners operated as Stone & Chalk's subsidised sub-tenant at Tech Central before entering administration; KPMG is running a fast EOI process to find buyers or investors.
Company
Every investor coverage indicates participated in a round WeWork raised.
Companies WeWork acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Name | Role | Sources |
|---|---|---|
| Zvika Shachar | Head of Global Security (former) | Startup Daily |
| Sebastian Gunningham | Vice Chairman | Startup Daily |
| Roni Bahar | Director of Development (former) | Startup Daily |
| Rebekah Neumann | Startup Daily (Tue 1 Oct 2019), Startup Daily (Mon 30 Sep 2019) | |
| Michael Gross | Vice Chairman (former) | Startup Daily |
| Granit Gjonbalaj | Chief Real-estate-development Officer (former) | Startup Daily |
| Chris Hill | Chief Product Officer and CEO of Japan (former) | Startup Daily |
| Artie Minson | CFO | Startup Daily |
| Adam Neumann | CEO (former) · Founder | Startup Daily (Mon 28 Oct 2019), Startup Daily (Wed 23 Oct 2019), Startup Daily (Thu 3 Oct 2019), Crikey, Startup Daily (Tue 1 Oct 2019), Startup Daily (Mon 30 Sep 2019), Startup Daily (Fri 27 Sep 2019) |
Stories naming WeWork. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Fishburners operated as Stone & Chalk's subsidised sub-tenant at Tech Central before entering administration; KPMG is running a fast EOI process to find buyers or investors.
Fishburners, the Sydney not-for-profit co-working community, has gone into voluntary administration over a long-running rent debt to the NSW government. KPMG administrators will keep it trading while pursuing a sale and recapitalisation.
Interview with angel investor Carl Hartmann covering his Temando exit, co-founding Compono and Lyre's, what he looks for in founders, and his early-stage portfolio strategy.
Square Peg's note announcing it has joined XFlow's US$10 million pre-Series A, describing the startup's cross-border payments platform for India and its founders' earlier years building Stripe there.
An Australian founder now leading a US artificial voice company recounts four lessons from building startups abroad, recalling his company's Series A, an earlier venture raise at a marketplace he co-founded, and a past acquisition.
Weekly roundup reporting Australian raises including Zero Co, MOBI and CipherStash, Cashrewards' takeover agreement, Shebah's collapse, WeWork's NYSE listing, crypto regulation recommendations and SiteMinder board appointments.
Also Australian FinTech·Cut Through Venture·Startup Daily·SmartCompany·Startup Daily·SmartCompany·Startup Daily·Startup Daily·SmartCompany
Payments company Monoova has hired Lionel Beraldi, previously at WeWork, Houzz and Foodora, as Head of Growth, while CEO Christian Westerlind Wigstrom notes strong growth and Jacaranda Finance joining its clients.
Profile of OpenLearning after its December ASX float, which brought in $8 million, covering surging revenue and cashflow and recalling its 2018 Series A.
Also SmartCompany
Tech roundup: Baron Cohen attacks social media platforms, Tesla's Cybertruck debut, cloud-kitchen startup Zoom's SoftBank backing, YBF's fintech diversity award winners, and Uber losing its London operating licence again.
A roundup covering Prospa's post-listing share slump, a union appeal over an UberEats dismissal, Disney+ arriving in Australia, a WeWork regulator probe, and Lyka's seed raise.
Roundup covering Afterpay's eBay partnership and Coatue's $200m placement, Bay City Labs appointing a head of growth, a NASA executive keynoting StartCon, and 1Password's US$200m Series A.
Also Crunchbase News
Commentary arguing WeWork is no longer a viable business, criticising SoftBank's choice to rescue the coworking firm, and noting the departed chief executive received roughly a billion dollars.
Roundup covering Faraday Grid's collapse and asset sale, Nitro's possible listing, Facebook's ex-Australia chief criticising Zuckerberg, free Sydney heart checks, and Catalysr's Melbourne accelerator applications.
Roundup covering SoftBank's takeover of WeWork, Facebook's misinformation labels, OpenLearning's planned ASX listing, Yume CEO Katy Barfield's award win, and new Australian space cooperation agreements.
Daily tech roundup covering WeWork's cash crisis, Airbnb handing host data to the tax office, an iPhone USB malware flaw, a government-funded RMIT research centre, and two fintechs entering Suncorp's incubator.
Startup Daily relays NYU professor Scott Galloway's grim forecast for WeWork: mass layoffs, possible bankruptcy and heavy damage to backer SoftBank's Vision Fund, plus founder Adam Neumann's share sales before the failed IPO.
A commentary piece arguing WeWork, once valued at US$47 billion, is even more overvalued than sceptics thought, citing criticism following its S-1 filing and revelations about related-party transactions.
Tech roundup: WeWork pulls its US float, a listed VC writes down its Stackla stake, Investible closes its debut fund, NAB loses its cloud chief, and a payments firm's shares surge.
Roundup covering AUSTRAC warnings to fintechs, News Corp's attack on Google, WeWork's executive exodus, Australia's slide in the IMD digital rankings, and BugHerd's revival under founder Alan Downie after he bought out investors.
Roundup covering Australian angel investing awards, Peloton's US listing, CEO departures at WeWork, eBay and Juul, a McDonald's Beyond Meat pilot, and open banking permissions for fintechs.
A daily roundup reporting the industry body ACS buying ADMA's data-marketing associations, Rhinohide's completed crowdfunding raise plus a new campaign, tech firms backing climate protests, and Peloton's planned float.
Analysis arguing WeWork's falling IPO valuation reflects SoftBank's preference-share protections, which its primary investment carried but its earlier secondary purchase of ordinary shares did not.