WHAT

• WeWork is an American real estate company that purchases office spaces and converts them into collaborative workspaces.

• Clients range from tech startups and entrepreneurs to more traditional businesses looking to outsource office space.

• Members can rent spaces ranging from a single desk to a full office. 

• Offers workspaces in cities across the globe.

• WeWork’s ventures include Rise by We, a luxury gym concept; WeGrow, a private school for children; and WeLive, a rental apartment concept. 

• As of June 2019, WeWork was valued at $47 billion 

 

WHO

• Founded by Adam Neumann and Miguel McKelvey

• Neumann served as CEO until Sept. 24, 2019.

• On Feb. 18, 2020, Sandeep Mathrani became the new CEO.

• 15,000 employees globally

• 600,000 global members 

• Softbank Group Corp is a key investor and has invested $13 billion in the company over the past three years.

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WHERE

• First location opened in SoHo, New York, in 2010.

• Headquartered in New York, New York.

• Currently has 845 open and coming soon locations in 118 cities worldwide. 

• Most prominent in North America, Europe and Asia

 

WHEN

• Founded in 2010.  

• Between 2008-2015 was considered the “fastest-growing lessee of new office space in America,” according to Forbes.

• Sept. 2019- announced the postponement of its IPO 

 

 

Mission Statement: Create a world where people work to make a life, not just a living.

 

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