Odds and Ends 

WeWork CEO Adam Neumann has reportedly cashed out of over $700 million ahead of its IPO

Adam Neumann, the co-founder and chief executive of the international real estate co-working startup WeWork has reportedly cashed out of more than $700 million from his company ahead of its initial public offering. The size and timing of the payouts, made through a mix of stock sales and loans secured by his equity in the company, is unusual, considering that founders typically wait until after a company holds its public offering to liquidate their holdings. Despite the loans and sales of stock, first reported by The Wall Street Journal, Neumann remains…

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Odds and Ends 

Indonesias EV Hive raises $13.5M and expands into co-living and new retail

WeWork’s battle to win co-working in Indonesia, the world’s fourth most populous country, is intensifying after one of the U.S. firm’s key rivals issued a slew of announcements to double down on its business. EV Hive, an Indonesia-based co-working startup, said today that it has raised $13.5 million and expanded into new verticals. The company is putting off plans to foray into new countries in order to prioritize growth opportunities at home. The four-year-old company, which started as a project for seed-stage VC firm East Ventures, has rebranded to CoHive…

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