PALO ALTO, U.S. -- WeWork's failed initial public offering was a nightmare for SoftBank Group, which invested nearly $10 billion in the co-working space provider that went from a valuation of $47 billion to, according to some, nearly zero. But WeWork's woes turned out to be good news for another SoftBank-backed venture: TeamBlind.
As rumors swirled in October that the New York-based office-sharing company's proposed IPO was in trouble, WeWork employees flocked to Blind, a social networking app created by the South Korean startup specifically for workers to share information about their company and working conditions anonymously.
