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Vishu Bheda
ย โขย
Medialย โขย 6m
In 2018, he threw a $2 million party to show off his startupโs success. Private jets. Celebrities. Live music. But just a year later, his over-the-top lifestyle cost his company $47 billion. Hereโs how one CEOโs bad decisions destroyed a billion-dollar business: In 2010, Adam Neumann started WeWork with a big idea: turn offices into creative, community-driven spaces. The company grew fast, expanding to 400+ locations with a $47B valuation. But behind the growth was chaos. Neumann lived lavishly, using private jets and throwing $2M parties, while the company lost money. In 2019, their IPO filing revealed serious mismanagement, like Neumann selling the trademark โWeโ to his own company for $5.9M. The valuation crashed below $10B, the IPO was canceled, and thousands of employees were laid off. The lesson? Big ideas need solid systems. Without structure and accountability, even great businesses can fail. If you like this then follow me Mr Z for more valuable content!
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