The company formerly known as WeWork has come under scrutiny for potential conflict of interest issues regarding CEO Adam Neumann’s partial ownership of three properties where WeWork is (or will be) a tenant. TechCrunch has seen excerpts of the company’s prospectus for investors that details upwards of $100 million in total future rents WeWork will […]
View More We Company CEO in hot water over being both a tenant and a landlordCategory: adam neumann
WeWork rebranding won’t work
The company formerly known as WeWork has rebranded as the We Company — although a better name for its network of on-demand office spaces for the newly incorporated and nominally employed; co-living spaces for the same Easyjet-set; and educational and coding services could be “House of Cards”. News of the rebranding (first reported via Fast Company) comes […]
View More WeWork rebranding won’t workFor SoftBank, no majority stake in WeWork as it scales down talks from a new $16 billion investment to $2 billion
Several weeks after it was reported by the WSJ that two of the biggest investors in SoftBank’s massive Vision Fund vehicle were cool on its planned $16 billion investment in the coworking company WeWork, those plans have changed radically, says the Financial Times. According to its sources — and confirmed by our own — SoftBank […]
View More For SoftBank, no majority stake in WeWork as it scales down talks from a new $16 billion investment to $2 billionSoftBank is considering taking a majority stake in WeWork
SoftBank is reportedly considering an investment of up to $20 billion in WeWork using capital from its Vision Fund.
View More SoftBank is considering taking a majority stake in WeWorkWeWork China raises $500M to triple the number of cities it covers
WeWork’s China business is getting a fresh injection of capital after it raised $500 million. The company entered China two years ago and today it covers Beijing, Shanghai and Chengdu with nearly 40 locations. It claims 20,000 members, and it is also active in Hong Kong, which technically falls under ‘Greater China.’ The new capital […]
View More WeWork China raises $500M to triple the number of cities it coversHere is where CEOs of heavily funded startups went to school
CEOs of funded startups tend to be a well-educated bunch, at least when it comes to university degrees. Yes, it’s true college dropouts like Mark Zuckerberg and Bill Gates can still do well. But Crunchbase data shows that most startup chief executives have an advanced degree, commonly from a well-known and prestigious university.
View More Here is where CEOs of heavily funded startups went to schoolWeWork confirms deal to buy Naked Hub, one of its main competitors in China
WeWork is buying up one of its largest competitors in China after it announced a deal to acquire Naked Hub. The deal was widely reported by Chinese media yesterday, but WeWork has now confirmed it through a blog post from its CEO Adam Neumann. Terms of the transaction are not disclosed but Bloomberg reported that it […]
View More WeWork confirms deal to buy Naked Hub, one of its main competitors in China