What podcasts say about WeWork
Every statement, with the speaker, the exact quote and the moment it was said.
What experts have said about WeWork
19 statements · 9 positive · 9 negative · 1 neutral
WeWork experienced exceptionally rapid global physical expansion.
“WeWork was one of the fastest physical global growths the world's ever seen”
Open the episode · Adam Neumann: The Real Story Behind WeWork, A $4 Billion Cab Ride, And Surviving A $460 Million DebtListen at 0:03
WeWork was forced toward an IPO before it was prepared.
“we found ourselves being forced to go public when we weren't ready”
Open the episode · Adam Neumann: The Real Story Behind WeWork, A $4 Billion Cab Ride, And Surviving A $460 Million DebtListen at 0:52
WeWork’s broader concept preceded its first desk or office.
“The idea started, this was before there was one desk.”
Open the episode · Adam Neumann: The Real Story Behind WeWork, A $4 Billion Cab Ride, And Surviving A $460 Million DebtListen at 26:39
Neumann believed WeWork’s crisis would ultimately resolve favorably.
“I believe, and I know it's gonna work out, and I don't know how, and I don't know why, but this is all gonna work out for the best.”
Open the episode · Adam Neumann: The Real Story Behind WeWork, A $4 Billion Cab Ride, And Surviving A $460 Million DebtListen at 32:46
Neumann failed to build strong technology at WeWork.
“I obviously did not succeed in building great technology in WeWork.”
Open the episode · Adam Neumann: The Real Story Behind WeWork, A $4 Billion Cab Ride, And Surviving A $460 Million DebtListen at 50:12
WeWork doubled its revenue annually during its rapid-growth period.
“WeWork doubled in revenue every single year.”
Open the episode · Adam Neumann: The Real Story Behind WeWork, A $4 Billion Cab Ride, And Surviving A $460 Million DebtListen at 57:31
WeWork reported $980 million revenue and then achieved approximately $1.8 billion.
“we were doing $980 million that year. We hit our numbers. We forecasted we're going to do $1.8 billion next year. We did our $1.8 billion.”
Open the episode · Adam Neumann: The Real Story Behind WeWork, A $4 Billion Cab Ride, And Surviving A $460 Million DebtListen at 1:06:43
WeWork financed long-term leases with short-term capital commitments.
“We were taking long-term commitments against short-term commitments.”
Open the episode · Adam Neumann: The Real Story Behind WeWork, A $4 Billion Cab Ride, And Surviving A $460 Million DebtListen at 1:07:19
Neumann says WeWork is currently profitable.
“Today, WeWork's profitable.”
Open the episode · Adam Neumann: The Real Story Behind WeWork, A $4 Billion Cab Ride, And Surviving A $460 Million DebtListen at 1:07:40
The SoftBank deal triggered ego-driven focus on WeWork’s valuation and wealth.
“every step I take, suddenly the ego starts coming up. Oh, $20 billion valuation”
Open the episode · Adam Neumann: The Real Story Behind WeWork, A $4 Billion Cab Ride, And Surviving A $460 Million DebtListen at 1:09:05
Neumann says WeWork’s priorities shifted from mission to money after SoftBank’s investment.
“When I walked in, I got confused. It suddenly became about the money.”
Open the episode · Adam Neumann: The Real Story Behind WeWork, A $4 Billion Cab Ride, And Surviving A $460 Million DebtListen at 1:10:37
Neumann says WeWork might have reached a $100 billion valuation.
“WeWork could be a $100 billion company today.”
Open the episode · Adam Neumann: The Real Story Behind WeWork, A $4 Billion Cab Ride, And Surviving A $460 Million DebtListen at 1:13:16
Neumann says WeWork would have led the return-to-office movement.
“We would have led the return to office.”
Open the episode · Adam Neumann: The Real Story Behind WeWork, A $4 Billion Cab Ride, And Surviving A $460 Million DebtListen at 1:13:25
WeWork should have added only initiatives supporting its core mission.
“We should have just only added things that are in support of that mission.”
Open the episode · Adam Neumann: The Real Story Behind WeWork, A $4 Billion Cab Ride, And Surviving A $460 Million DebtListen at 1:22:27
WeWork met its revenue target after SoftBank’s investment.
“We hit our number.”
Open the episode · Adam Neumann: The Real Story Behind WeWork, A $4 Billion Cab Ride, And Surviving A $460 Million DebtListen at 1:40:05
WeWork was forced to pursue an IPO after the acquisition failed.
“We found ourselves being forced to go public.”
Open the episode · Adam Neumann: The Real Story Behind WeWork, A $4 Billion Cab Ride, And Surviving A $460 Million DebtListen at 1:47:49
WeWork went public before its systems and leadership were ready.
“We found ourselves being forced to go public. So, we actually went public when we weren't ready.”
Open the episode · Adam Neumann: The Real Story Behind WeWork, A $4 Billion Cab Ride, And Surviving A $460 Million DebtListen at 1:47:49
WeWork’s technology could not keep pace with growth or measure performance accurately.
“Our tech was not catching up with us, so we couldn't measure things correctly.”
Open the episode · Adam Neumann: The Real Story Behind WeWork, A $4 Billion Cab Ride, And Surviving A $460 Million DebtListen at 1:48:25
WeWork was operating at a loss when it filed its S-1.
“The company was losing money.”
Open the episode · Adam Neumann: The Real Story Behind WeWork, A $4 Billion Cab Ride, And Surviving A $460 Million DebtListen at 1:49:57
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.