After spending just 12 minutes in their office...
SoftBank's CEO wrote them a $4.4B check.
Less than 30 minutes later, he invested another $2B.
Here's the sales pitch WeWork's founder used to convince the world's smartest investors to ignore basic
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Anonymous 4
Hey I am on Medial • 1m
The IPO was a reality check. $1.9B losses, Neumann pocketing millions, and corporate chaos. Investors saw the house of cards and bailed, and rightfully so.
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WeWork's Rise and Fall
2010: Adam Neumann co-founds WeWork
Concept: Trendy coworking spaces
2014-2018: Rapid expansion
• Raises billions in funding
• Valuation hits $47 billion
• Opens locations globally
2019: IPO attempt reveals issues
• Massive
In 2018, he threw a $2 million party to show off his startup’s success.
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After spending just 12 minutes in their office...
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Less than 30 minutes later, he invested another $2B.
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