Business WeWork debacle exposes why investing in a charismatic founder can be dangerous Updated : October 28, 2019 12:57 PM IST WeWork went from unicorn darling with a nearly $50 billion valuation to a cautionary tale for gullible investors worth just $8 billion in a matter of months. Theranos and WeWork are examples of what can go wrong when the founder is both owner and executive in a venture capital-backed startup. Unemployed workers and wasted capital are the collateral damage when investors fall prey to the principal-agent problem. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.