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SoftBank Faces Legal Heat as WeWork’s Creditors Seek Recovery Amid Bankruptcy Fears

Allwork

Big markets for coworking spaces are becoming increasingly competitive for workspace providers — with WeWork’s recent financial challenges creating opportunities for rivals to expand their presence. According to a report published by CoStar , WeWork recently filed court documents revealing a substantial loss of $153.7

Legal 185
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WeWork Files to Go Public

Small Business Labs

WeWork released its S-1 this week, which is the legal document a company files prior to going public.  Because of this interest, the S-1 filing is getting a lot of attention. Revenue has grown from $436 million in 2016 to $1.82   See these articles for more details: Axios: WeWork files for long-awaited IPO.

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SEC Approves Equity Crowdfunding

Small Business Labs

Prior to this change, equity crowdfunding had been legal only for accredited investors - those with high incomes or a high net worth. According to a Forbes article , equity crowdfunding was already set to surpass traditional VC funding in 2016 and the new rules will more or less guarantee this.

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