Enterprise Value (based on primary fundings)

Company Description

WeWork was founded in 2010 by Adam Neumann and Miguel McKelvey to design and operate shared workspaces for a broad array of customers including startups, freelancers, small businesses, and entrepreneurs. As of 2018, the company has over 5,000 employees and 280 shared workspaces spread over 81 cities in 28 countries. Beyond simply the spaces, the WeWork has found success in its focus on creating a community between its members, hosting many events including happy hours, lunch and learns, external events, and even a “Summer Camp”. In addition to the workspaces, WeWork has grown to include additional offerings such as WeWork Labs, which essentially functions as an accelerator or incubator for early-stage startups.

Company Info

Website: www.wework.com

Industry: Real Estate

Founded: 2010

Funding to Date: $1B

Last Round Est. Valuation: $21.18B

Management Team
  • Adam Neumann - Co-Founder & CEO
  • Miguel McKelvey - Co-Founder & Chief Culture Officer
  • Arthur Minson Jr. - President
  • Joe Leggio - Chief Information Officer
  • Ed Granaghan - Chief Accounting Officer
Board Members
  • Bruce Dunlevie - Benchmark Capital
  • Mark Schwartz - SoftBank Group
  • Ronald Fisher - SoftBank Group

WeWork News

Article
2018-11-27

SF Chronicle - WeWork became the world’s largest co-working company with the belief that people want to share offices. Now it is operating headquarters for midsized companies and satellite offices — with no strangers allowed. Since August, WeWork has offered stand-alone private offices with a new program called HQ by WeWork. As with its co-working spaces, WeWork signs the office lease, designs and builds the interiors, and manages the facilities. Then it rents space to companies for one to three years, shorter periods than traditional headquarters deals but longer than month-to-month co-working commitments.

Article
2018-11-21

Techcrunch - Since its entry into China in 2016, WeWork has extended from four to around 60 locations across the country’s megacities like Shanghai, Beijing and, most recently, Shenzhen. That’s one-sixth of WeWork’s 360 locations worldwide. It’s also equivalent to what WeWork has achieve…

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