Rise of WeWork
Where was WeWork founded?
New York City
What company did Adam initially compare WeWork to for the IPO valuation?
Amazon valued at $1 trillion
How tall was Adam?
6'5
What did WeWork value themselves at during their IPO?
$47 billion
Masayoshi Son (CEO of SoftBank)
How long did Masayoshi Son meet with Adam Neumann for the original investment?
28 minutes
Who had majority control over the company with class C shares?
Adam
What was Adam's wifes' job?
Chief brand officer and on selection committee if Adam were deceased.
What was WeWork valued at by the public market when they announced they were going public?
$8-$10 billion
How did the company describe it's business model?
"space as a service"
$4.4 billion
What is WeWork's stock currently valued at?
60 cents
What did Adam get approved by the board to add to his office at their headquarters?
What year did the company file for IPO?
August 2019
What was common practice within the workplace?
Recreational drugs
850
What was the net loss for the first half of 2019?
$900 million
What did Adam sell back to the company for $6 million?
The patent on the word "we"
Which stock exchange did Adam decide on?
NASDAQ
He was a part of the israeli navy
How much did the CEO of SoftBank end up investing by 2019?
$10 billion
What was the amount of personal loans Adam had taken out by 2019?
$500 million
How much did Adam buy his private jet for?
$63 million
Who were the two investors pushing WeWork to go public?
Goldman Sachs and JPMorgan
How many lavatories did the private jet have?
1 for the pilot/crew and 1 for Adam