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WeWork

WeWork
Workspace company
Founded 2010
Founder Adam Neuman
Headquarters New York City, New York, USA
Key people
Adam Neumann ( Founder and CEO )
Products workspace for startups, small businesses, freelancers and entrepreneurs
Brands WeWork, WeWork Labs
Services Shared workspaces and related services for entrepreneurs
Owner Adam Neumann
Website www.wework.com

WeWork is an American company which provides shared workspace, community, and services for entrepreneurs, freelancers, startups and small businesses. Founded in 2010, it is headquartered in New York City. WeWork has a current valuation of roughly USD $16 billion.

WeWork designs and builds physical and virtual communities in which entrepreneurs share space and office services and have the opportunity to work together. The company’s 30,000+ members have access to health insurance, an internal social network, social events and workshops, and an annual summer retreat. WeWork has more than 250 employees and has locations in 19 United States cities and 11 countries including Australia, Canada, India, China, Hong Kong, France, United Kingdom, Israel, South Korea, Mexico and Netherlands.

In May 2008, Adam Neumann and Miguel McKelvey established GreenDesk, an "eco-friendly coworking space" in Brooklyn. In 2010, Neumann and McKelvey sold the business and started WeWork with its first location in New York’s SoHo district. 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.” “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.”

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


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