CULT OF WE: How WeWork's CEO Vaporized $40 Billion
The Next Big Idea
Next Big Idea Club
4.4 • 1.3K Ratings
🗓️ 11 August 2021
⏱️ 58 minutes
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| 0:00.0 | I'm Rufus Griskem and this is the next big idea. |
| 0:11.0 | Today, the rise and fall of we work. |
| 0:31.0 | Welcome and thank you for coming. |
| 0:34.0 | It's a Sunday afternoon in September 2019, |
| 0:38.0 | and Adam Newman is in a pickle. |
| 0:41.0 | He's standing at an empty lobby at the headquarters of the company he runs. |
| 0:44.0 | We work. |
| 0:45.0 | Adam co-founded we work back in 2010. |
| 0:48.0 | At the time it was a side hustle. |
| 0:50.0 | A planned B in case his main gig, |
| 0:52.0 | making baby clothes with built-in knee pads, didn't work out. |
| 0:56.0 | But in the nine years since, |
| 0:58.0 | we work has gone from side hustle to juggered-on. |
| 1:01.0 | It brought co-working into the band stream |
| 1:03.0 | and reaped the rewards. |
| 1:05.0 | Half a million members, |
| 1:06.0 | locations in more than 120 countries, |
| 1:08.0 | and a valuation of $47 billion. |
| 1:12.0 | Now, Adam is trying to take the company public. |
| 1:15.0 | Last month, we work filed a prospectus with the SEC. |
| 1:18.0 | For the first time, |
| 1:20.0 | the most valuable start-up in the country |
... |
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