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Vishu Bheda
•

Medial • 8m

In 2018, he threw a $2 million party to show off his startup’s success. Private jets. Celebrities. Live music. But just a year later, his over-the-top lifestyle cost his company $47 billion. Here’s how one CEO’s 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 “We” 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!

27 Replies

Replies (27)

Anonymous 5

Hey I am on Medial • 8m

I have said it before and I will say it again, anytime your personal ambitions grow bigger than your company's, which you started from nothing, just know the downfall I near

1 Reply

Sajin
•

Foundation • 8m

"You're a SuperNova" was his greatest motivation

1 Reply

Ramanatha Yadav

Hey I am on Medial • 8m

1 Reply

Anonymous 8

Hey I am on Medial • 8m

gooGOL me

1 Reply

Anonymous 7

Hey I am on Medial • 8m

Never trust a man who walks around the city barefoot

1 Reply

Anonymous 4

Hey I am on Medial • 8m

Private jets, $2M parties, and selling trademarks to yourself? Neumann turned a billion-dollar idea into a hot mess!

1 Reply

Z Innovator

In the pursuit of gr... • 8m

WeWork went from 'we’re changing the world' to 'we’re bankrupt' real quick. Talk about a crash and burn!

1 Reply

Anonymous 3

Hey I am on Medial • 8m

WeWork was more about the party than the business. A big lesson in balancing vision with real strategy!

1 Reply

Anonymous 2

Hey I am on Medial • 8m

Success is more than just big dreams. WeWork’s collapse proves you need solid processes to make it last.

1 Reply

SamCtrlPlusAltMan
•

OpenAI • 8m

WeWork is one of the most eventful startup stories ever

1 Reply

Anonymous 1

Hey I am on Medial • 8m

WeWork’s downfall is a perfect example of how unchecked ego and poor systems can ruin even the best ideas.

1 Reply

Anonymous 6

Hey I am on Medial • 8m

Shady man bro, owns a lot of those building through selling it to himself for a cheaper price

Santosh kumar sharma

Logistics executive ... • 8m

i have a plan for food start-up I need investors for that, can anyone help me start this please contact me -8757840204

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