Why WeWork is the greatest CON in startup history
WeWork was the hottest tech startup in the 2010s—once valued at a whopping $47 billion, it is now on the verge of bankruptcy. Its offices were known for their modern sleek design with amenities like high-speed internet, conference rooms, printing services, coffee stations, and even free beer on tap. It was a buzzword primarily serving a new generation of entrepreneurs, freelancers, startup founders, and even enterprises.
Now, after Adam Neumann stepped down from his CEO position, WeWork is scrambling to turn a profit and develop a sustainable business model. Can WeWork survive?
In this episode, we’ll delve into how WeWork was founded, its shaky business model, its controversial founder and former CEO, what went wrong with the 13-year-old company, and its current fallout. We'll also talk about where Adam Neumann is today.
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Video chapters:
00:00 Introduction to the WeWork scandal
01:52 How WeWork was founded
03:37 WeWork's business model
04:59 What went wrong with WeWork
05:55 Who is Adam Neumann?
06:55 WeWork's fallout
07:37 WeWork today
09:23 Where is Adam Neumann now?
10:31 Closing remarks on WeWork
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