Fairbourne Capital

Fairbourne Capital is a family office leveraging the track record, network and managers 20+ years experience investing across several economic and debt cycles.

Fairbourne invests with partners in venture and private growth equity transactions globally.

WeWork was the exception, not the new rule

October 25, 2019 - Investor Letter from the Managing Partner, Jason Triplitt CFA

In a twist of fate, it was an 86-year-old law that ultimately destroyed the value of one the quickest start-ups in history to reach nearly a $100 billion dollar valuation - WeWork. The law was the requirement in the US for firms looking to IPO to file an S-1, or prospectus, which reveals details of the financial results and operations of a firm. The statement by Softbank this week that it was throwing WeWork a lifeline post the recent failed IPO was a victory for the public market investors as the underlying fundamentals of WeWork didn't match a $100 billion dollar company

However, this is not the end of the staying private for longer until a jumbo IPO trend with WeWork following in the footsteps of Uber, Slack, Pinterest, etc..

Read the full letter: WeWork as the exception, not the new rules