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American workspace company WeWork Companies Inc.TypePrivateFounded2010; 9 years ago (2010)FoundersAdam Neumann
Miguel McKelveyHeadquartersNew York City, New York, U.S.Number of locations502[1] (2018)Areas served96 citiesKey peopleAdam Neumann
(Co-founder and CEO)
Miguel McKelvey
(Co-founder and CCO)ProductsWorkspace for startups, small businesses, freelancers and entrepreneursBrandsWeWork, WeWork Labs, WeLive, Rise by We, WeGrowServicesShared workspaces and related services for entrepreneursOwnersAdam Neumann
Miguel MckelveyNumber of employees5,000SubsidiariesFlatiron School

WeWork is an American company that provides shared workspaces for technology startup subculture communities, and services for entrepreneurs, freelancers, startups, small businesses and large enterprises. Founded in 2010, it is headquartered in New York City.[2] As of July 2017, WeWork had a valuation of roughly US$20 billion and managed 10,000,000 square feet (930,000 m2) of office space.[3][4]

WeWork designs and builds physical and virtual[5] shared spaces and office services for entrepreneurs and companies.[6] The company’s 100,000+ members have access to health insurance, an internal social network, social events and workshops, and an annual summer retreat.[7][8][9] WeWork has more than 5,000 employees in over 280 locations, spread across 77 cities in 23 countries including Australia, Argentina, Brazil, Canada, China, Colombia, France, Germany, Hong Kong, Ireland, India, Israel, Japan, Mexico, Netherlands, Peru, Singapore, South Korea, Spain and United Kingdom.[7][10][11]

  • 1 History and funding
    • 1.1 Acquisitions and investments
  • 2 Ventures
    • 2.1 WeLive
    • 2.2 Rise by We
    • 2.3 WeGrow
  • 3 See also
  • 4 References
  • 5 External links
History and funding The kitchen area at a WeWork space in New York. Conference rooms at a WeWork space in San Francisco. WeWork office in Toronto.

In May 2008, Adam Neumann who grew up in a kibbutz and Miguel McKelvey who grew up in a commune established GreenDesk, an "eco-friendly coworking space" in Brooklyn.[5] In 2010, Neumann and McKelvey sold the business and started WeWork with its first location in New York’s SoHo district.[5] By 2014, WeWork was considered “the fastest-growing lessee of new office space in New York” and was on track to become “the fastest-growing lessee of new space in America.”[12] “During the economic crises, there were these empty buildings and these people freelancing or starting companies,” Neumann told the New York Daily News. “I knew there was a way to match the two. What separates us, though, is community.”[5]

WeWork members have included startups such as Consumr, HackHands, Whole Whale, Coupon Follow, Turf, Fitocracy, Reddit and New York Tech Meetup.[13] In 2011, PepsiCo placed a few employees in the SoHo WeWork, who acted as advisors to smaller WeWork member companies.[12] The first WeWork Labs opened in New York’s SoHo in April 2011.[14] WeWork Labs functions as a startup incubator within WeWork.[14] It provides an open workspace with the goal of encouraging collaboration among members who “don’t have their business ideas fully cooked.”[14]

WeWork investors as of 2014 included J.P. Morgan Chase & Co, T. Rowe Price Associates, Wellington Management, Goldman Sachs Group, the Harvard Corp., Benchmark, and Mortimer Zuckerman, former CEO of Boston Properties.[12][2] As of January 2015, WeWork had 51 coworking locations in across the U.S., Europe and Israel – twice as many as it had at the end of 2014[15] with plans to expand to reach every continent (except Antarctica) by 2017.[12] On June 1, 2015 WeWork announced that Artie Minson, former Chief Financial Officer of Time Warner Cable, would join the company as President and Chief Operating Officer.[16] WeWork was named among the "most innovative companies" of 2015 by Fast Company magazine.[17]

It was announced on March 9, 2016, that WeWork raised $430 million in a new round of financing from Legend Holdings and Hony Capital Ltd., valuing the company at $16 billion.[18] As of October 2016, the company had raised $1.7 billion in private capital.[19] In October 2016, the company announced their plans to open a fourth location in Cambridge/Boston area. WeWork opened offices in Boston's Leather District and Fort Point in 2014 and have plans in place for a larger office in Back Bay. The first Cambridge office will be in Central Square and have space for 550 desks.[10] On January 30, 2017, the Wall Street Journal wrote that "SoftBank Group Corp. is weighing an investment of well over $1 billion in shared-office space company WeWork Cos., in what could be among the first deals from its new $100 billion technology fund."[20]In April 2017, WeWork launched an online store for services and software for its members.[21] The company has also started offering fitness classes at a number of its locations and is opening a gym at a New York location.[21]

In July 2017, after an investment round the valuation of the company reached $20 billion.[22] Later that month, it was announced that WeWork would expand heavily into China, with US $500 million invested by SoftBank, Hony Capital[23] and other lenders to form a standalone entity called WeWork China.[24] In September 2017, WeWork expanded into Southeast Asia via the acquisition of Singapore-based SpaceMob, and it set aside a budget of $500 million to grow in Southeast Asia, which houses over 600 million people.[25] WeWork's top competitor in China is Ucommune, which is currently valued at $1.8 billion, making it the only Chinese unicorn in the co-working space.[26]

In late October 2017, WeWork bought the Lord & Taylor Building on Fifth Avenue in Midtown Manhattan from the Hudson's Bay Company for $850 million.[27] After Christmas 2018, the Lord & Taylor store will be downsized to 150,000 square feet, renting the bottom floors, with the remaining space to be WeWork's headquarters.[28] The deal also includes the use of floors of certain HBC owned department stores in New York, Toronto, Vancouver and Germany as WeWork’s shared office workspaces.[29][30]

In January 2018, students taking online university courses from 2U gained access to WeWork common spaces and meeting rooms.[31]

In March 2018, SEC filings indicated that WeWork had raised over $400 million alongside private equity fund The Rhone Group to start a fund to purchase properties directly.[32] In April, documents filed by the company in association with a plan to raise $500 million through the issue of high-yield bonds showed that the company's revenues rose in 2017, but costs rose faster, and the company owed $18 billion rent.[33]

In July 2018, the company restricted employees from expensing meals that contain red meat, pork, or poultry. WeWork also announced that it would not provide meat for events at its locations or allow meat at self-serve food kiosks in WeWork locations. The policy was rolled out to cover employees globally.[34][35]

In July 2018, WeWork closed a $500 million funding round aimed at expanding its business in China and valuing the company's subsidiary at $5 billion.[36]

In November 2018, WeWork secured an additional $3bn of funding from SoftBank in exchange for a warrant enabling it to buy new WeWork shares by the end of September 2019. [37]At the same time the company hired new head of operations Prabhdeep Singh. Before joining WeWork team Singh was working in Uber, Gerson Lehrman Group and FinTech Innovation Lab.[38]

Acquisitions and investments This section needs expansion. You can help by adding to it. (November 2018)

On October 13, 2017, the company announced an acquisition of Flatiron School, a coding school offering classes online and at a location in Manhattan.[39]

During the $32 million series B of a women's only co-working space, The Wing, WeWork contributed a portion of the fund.[40]

In November 2017, WeWork acquired Meetup.[41]

In March 2018, WeWork acquired Conductor.[42][43]

In April 2018 it was announced that WeWork had merged its China operations with local competitor Naked Hub.[44]

In August 2018, WeWork acquired Designation, a Chicago-based, for-profit design school.[45]

In September 2018, they acquired Teem, an office management software company.[46]

Ventures WeLive

WeWork launched a separate but related "co-living" venture called WeLive in 2016. WeLive applies the same basic principle of WeWork to housing, offering rental apartments that are grouped together with a number of shared spaces and services, such as cooking, cleaning, and laundry, as well as group activities and events. The first tests of the concept launched in New York City and also in Crystal City (Virginia), located steps from the Ronald Reagan National Airport in the Washington D.C. Metro area.[47] Leaked internal documents from 2014 stated that WeLive is projected to make up 21% of WeWork's revenue by 2018.[48] By the end of 2016, WeLive has mostly phased out subsidies for its spaces in New York City under a “friends and family” arrangement that discounted rents by 15% to 20%.[49] Competitors to WeLive include Common, headquartered in New York, and HubHaus, headquartered in San Francisco.[50]

Rise by We

Rise (previously known as WeWork Wellness) is a luxury gym concept, currently only available at WeWork's Manhattan location.[51] The space consists of a yoga studio, boxing area, a boot-camp space with cardio equipment, and a general workout area.[52] It also hosts fitness classes and offers personal training sessions.[53] The location also has a spa.[54]


Announced in November 2017 for a planned opening in fall 2018, WeGrow is a private school for kids aged 3 through students in grade 4.[55] The first permanent location will be located in WeWork's New York headquarters.[56]

See also
  • Ucommune
  1. ^ https://www.wework.com/locations Missing or empty |title= (help).mw-parser-output cite.citation{font-style:inherit}.mw-parser-output q{quotes:"\"""\"""'""'"}.mw-parser-output code.cs1-code{color:inherit;background:inherit;border:inherit;padding:inherit}.mw-parser-output .cs1-lock-free a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/6/65/Lock-green.svg/9px-Lock-green.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .cs1-lock-limited a,.mw-parser-output .cs1-lock-registration a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/d/d6/Lock-gray-alt-2.svg/9px-Lock-gray-alt-2.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .cs1-lock-subscription a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/a/aa/Lock-red-alt-2.svg/9px-Lock-red-alt-2.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registration{color:#555}.mw-parser-output .cs1-subscription span,.mw-parser-output .cs1-registration span{border-bottom:1px dotted;cursor:help}.mw-parser-output .cs1-hidden-error{display:none;font-size:100%}.mw-parser-output .cs1-visible-error{font-size:100%}.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registration,.mw-parser-output .cs1-format{font-size:95%}.mw-parser-output .cs1-kern-left,.mw-parser-output .cs1-kern-wl-left{padding-left:0.2em}.mw-parser-output .cs1-kern-right,.mw-parser-output .cs1-kern-wl-right{padding-right:0.2em}
  2. ^ a b Gellman, Lindsay; Brown, Eliot (15 December 2014). "WeWork: Now a $5 Billion Co-Working Startup". The Wall Street Journal. The Wall Street Journal. Archived from the original on 2 April 2015. Retrieved 13 March 2015.
  3. ^ Hempel, Jessi (2017-09-06). "Why WeWork Thinks It's Worth $20 Billion". Wired. Archived from the original on 2017-09-06. Retrieved 2017-09-07.
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  13. ^ Shontell, Alyson (15 February 2013). "WeWork Labs, Home To 350 Founders And Startups Like Reddit And Fitocracy, Is Opening 2 More Locations". Business Insider. Business Insider. Archived from the original on 3 March 2015. Retrieved 13 March 2015.
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  19. ^ Farrell, Maureen (2016-10-12). "WeWork Raises $260 Million, Capping Off $690 Million Funding Round". Wall Street Journal. ISSN 0099-9660. Archived from the original on 2016-10-13. Retrieved 2016-10-14.
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  41. ^ De Vynck, Gerrit (28 November 2017). "WeWork buys Meetup to bring people together outside of work". Chicago Tribune. Archived from the original on 7 December 2017. Retrieved 25 January 2018.
  42. ^ WeWork. "WeWork + Conductor". WeWork. Retrieved 2018-03-08.
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  44. ^ "Wework Is Acquiring China's naked Hub for 400 million". Bloomberg.
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External links Wikimedia Commons has media related to WeWork.
  • Official website

Magazine B - WEWORK
Magazine B - WEWORK
Welcome to the 52nd edition of Magazine B. The workspace brand WeWork was founded in 2010 by Israeli-born Adam Neumann and Oregon native Miguel McKelvey. WeWork expanded and improved on a model the duo had successfully and profitably tested with their previous startup, Green Desk, through which they leased an entire floor of a building in New York to re-lease as a co-working space to multiple tenants. And so WeWork was born, not in Silicon Valley - the West Coast home to world-famous startups - but in New York. As of the first half of 2016, the company had locations in 39 cities in 12 countries around the world, not to mention a valuation of US17 billion. WeWork has become home to a diverse pool of tenants, officially called "members." Freelancers and small businesses make up a large majority, but major corporations are also setting up their global distribution and marketing teams in WeWork spaces. WeWork plans come in a variety of options and prices, including private offices, dedicated desks, and the flexible, undesignated "Hot Desk" option. The spaces are also outfitted with a variety of convenient features and amenities, from a private phone booth for quiet calls to a lounge for relaxing or holding meetings, to a kitchen. Most every element one might consider necessary in the modern working space has been included.

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Zero to Billions: Anyone Can, 60 Real Estate Self-made Billionaires: 16 Lessons and 9 Trends for the Millennials
Zero to Billions: Anyone Can, 60 Real Estate Self-made Billionaires: 16 Lessons and 9 Trends for the Millennials
This is my #10 eBook on Self-made Billionaires. My biggest challenge is the sheer number of real estate Self-made Billionaires (SMB). There are well over 100 of them in the world. If I include all of them, the book will be too huge and too boring for most readers. So I resort to 4 cut-off criteria to trim the number of well over 100 to a manageable 65. The 4 cut-off criteria are (1) for Hong Kong the cut-off net worth is $4B , (2) for US, the cut-off net wrothis $3B, (3) for China, the cut-off net wroth is $2.8B and (4) I also exclude all those who made their fortune primarily as casinos operators. Now I have an eBook of global appeal, with all countries and continents in the world well represented. I do not want to write an eBook for just for Americans or Chinese.My second challenge is the complexity of the biographies and data. I stared at the facts for over 1 months, unable to make sense of information in front of me. The youngest real estate SMB is Adam Neumann from Israel at age 36. The oldest is Stanley Perron from Australia at age 93. Neuman is a college dropout. Perron has zero high school education. While it took Stanley Perron 79 years to amass his fortune, Adam Neumann took only 7 years. 79 years vs 7 years to build an empire? This is a difference of more than half a century. Perron did it in the hot desert port of Perth, Neumann did it in cool downtown Manhattan. Perron is 57 years older than Neumann. Perron could easily have been Neumann’s great grandfather. My third challenge to writing this eBook is my bias. To keep it minimum, I resort to an 80/20 approach: that is 80% facts and data, 20% analysis. This way, I respect my readers and they are free to form their own conclusions. 80% of this book are taken up by business biographies.Here are my top 5 surprises in this pioneering study (1) 43% of the real estate self-made billionaires never went to college. 8 of them never went to high school. So if a high school education is all you got, you definitely have a chance. (2) More than 50% of them did not start with real estate. They started with car dealership, office furniture, rice trade, ceiling fan, as tourist guide, as lawyers, medical clinics, bee collectives and just about anything bizzare and irrelevant. In other words, most of them made their first fortune in another business, then plunged into real estate when they see an opportunity, or as a place to park their cash reserve. (3) They are concentrated in a few countries. US, China, HK, Israel, Brazil and Australia contribute more than 3 real estate SMBs, while there is only 1 from Japan; zero real estate SMB from Germany and France. If we rolled back the clock 30 years Japan would have the largest number of real estate tycoons (4) In terms of gender and ethnicity, I was very surprised to find good representation from 4 women and 4 Muslims. Good news, everyone has a chance. (5) There is a bifurcation going on in the real estate industry now. I call one group the sharing economy and the other one the traditional group. In terms of age, those from sharing economy have an average age of 30, while those from traditional real estate have an average age of 67. It took the sharing economy real estate SMB an average 7 years to achieve billionaire status. It took the traditional real estate an average of 30 years to reach billionaire status. Looking ahead, For conclusion, I have 2 chapters (1) 16 lessons and (2) 9 future trends. As in all my other ebooks, I see a WORLD OF ACCELERATED CHANGE. The future of real estate in the world will be fast and violent. For aspiring real estate tycoons, the way to thrive is avoid the status quo like a plague. To create and not to copy. I see violent changes ahead. The lifestyle and preference of the millennials will dictate the future real estate, just as the automobiles and the baby boomers have redefined real estate in the past 60 years. Are you part of this change?

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Magazine B - MUJI
Magazine B - MUJI
Intended to be a generic line for the Seiyu Supermarket Group, Muji was launched in Japan in 1980, as Mujirushi Ryohin, which means "no-brand quality goods." Having initially started out with just 40 products, Muji now sells more than 7,000 different items and has successfully expanded into the housing business, proving that a brand can indeed sell a lifestyle aesthetic.

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Magazine B - ACNE STUDIO
Magazine B - ACNE STUDIO
Founded in 1996 by Jonny Johansson and three partners, with only 10,000 euros, Acne was first launched as a small advertising and design agency in Stockholm. Acne, an abbreviation for "Ambition to Create Novel Expression," is characterized as a creative collective that freely does whatever it wants, just as the name shows. One day, the company produced just 100 pairs of jeans to emerge as Stockholm's representative denim brand. In 2006, Acne separated its fashion endeavors to create an independent brand called Acne Studios, and since then has consolidated its position as a major contemporary fashion house that crosses between the realms of fashion, culture and art.

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Westlake Art - Up Looking - 11oz Coffee Cup Mug - Modern Picture Photography Artwork Home Office Birthday Gift - 11 Ounce (888E-1A99D)
Westlake Art - Up Looking - 11oz Coffee Cup Mug - Modern Picture Photography Artwork Home Office Birthday Gift - 11 Ounce (888E-1A99D)
Westlake Art is proud to offer you this awesome mug. Whether you're looking for a daily coffee mug for yourself or your bff, you can't go wrong with this novelty mug.MORNING COFFEE CUP:Wake up with your morning coffee and a complement. This big mug is great for an extra large dose of caffeine in the AM. Start your day off right with dark coffee and some art printed on either side of the mug so you can see it and the rest of the world can too. Works for tea or soup as well!HUMOROUS GIFT:Make someone you love laugh every time they have a hot beverage. Remind them that you adore them but not in that sappy 'Best Father Ever' way. Simple graphics on clean white ceramic - a great design for men and women. Give it to your mom dad daughter sister boyfriend girlfriend husband wife mother or best friend for her birthday present his graduation Christmas or any other occasion where gifts collectibles and a happy little chuckle are appropriate. STURDY CERAMIC: Our classic white ceramic mug is built to stand up to daily use we know a well-loved mug receives. Plus it's dishwasher and microwave safe because anyone using this mug is too awesome to spend time washing dishes or waiting for water to boil on the stove. Our raw ceramic come from overseas; The design printing packaging are made with love in the USA.SCRATCH RESISTANT PRINT: We use the finest ceramic and our images are kiln fired at up to 1380 degrees. This process ensures a mug that will last a long time without scratching or fading. BEAUTIFUL VIBRANT COLORS:We make every effort to present images of each artwork as close to the original as possible. Colors may be slightly different on monitors and art due to monitor contrast brightness settings and printing techniques.SATISFACTION GUARANTEE: If our cool mug doesn't make you or someone you know smile (or the mug breaks or is damaged in shipping etc.) we'll refund you. Why? Because you're awesome.

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