Bill Gurley, partner at venture firm Benchmark Capital, gained fame as a Silicon Valley Cassandra, railing against cash-hungry startups with indulgent boards and entitled founders.
Now office-leasing firm We Co., where Benchmark is the second largest outside shareholder, is in turmoil. Co-founder Adam Neumann stepped down as We’s chief executive, the company announced Tuesday, confirming a Wall Street Journal report. The move came amid pressure from major investors after the office-leasing company’s initial public offering was derailed.