WeWork is a provider of a shared workspace community and office services designed to create collaboration between entrepreneurs, freelancers, startups and small businesses. The Company's services include office space with facilities and services like high-speed internet, printers, free refreshments and private phone booths, enabling startups, entrepreneurs and small businesses to collaborate and share experiences.

Type
Private
HQ
New York, US
Founded
2010
Size (employees)
4,330 (est)+4%
Website
wework.com
WeWork was founded in 2010 and is headquartered in New York, US
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Key People/Management at WeWork

Adam Neumann

Adam Neumann

Co-Founder & CEO
Laurent Paris

Laurent Paris

CTO
Joanna Lee

Joanna Lee

VP, Marketing
Ed Granaghan

Ed Granaghan

CAO
John Reid-Dodick

John Reid-Dodick

CPO
Anthony Yazbeck

Anthony Yazbeck

Deputy Managing Director / COO - Europe
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WeWork Office Locations

WeWork has offices in London, Barcelona, Shibuya-ku, Tel Aviv-Yafo and in 46 other locations
New York, US (HQ)
115 W 18th St
Atlanta, US
756 W Peachtree St NW
Atlanta, US
1010 3340 Peachtree Rd NE
Atlanta, US
1175 Peachtree Walk NE
Atlanta, US
Terminus 100 3280 Peachtree Rd NE
Austin, US
11801 Domain Blvd
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WeWork Financials and Metrics

Summary Metrics

WeWork's latest funding round in August 2017 was reported to be $4.4 b. In total, WeWork has raised $6.9 b. WeWork's latest valuation is reported to be $18.7 b.
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WeWork Financials

WeWork's revenue was reported to be $900 m in Y, 2017 which is a 69.2% increase from the previous period.
USD

Revenue (Apr, 2018)

822 m

Net income (Apr, 2018)

(934 m)

Market valuation

18.7 b
Annual
USDY, 2016EY, 2017E

Revenue

532 m900 m

Revenue growth, %

69%

EBITDA

14 m

EBITDA margin, %

3%
Monthly
USDApr, 2018E

Revenue

822 m

Net Income

(934 m)
USDY, 2018

Revenue/Employee

199.6 k
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WeWork Operating Metrics

Y, 2015Y, 2016May, 2017Jul, 2017Sep, 2017Dec, 2017Feb, 2018Mar, 2018Apr, 2018

Members

40 k80 k175 k200 k220 k

Locations

52 140 155 164 200 230 234

Countries

14 15 17 21

Active Cities

44 50 71
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WeWork Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
MissionU (67)May 17, 2018
Naked Hub April 12, 2018$400 m
Conductor March 06, 2018
Meetup (627)November 28, 2017$30 m
Flatiron School (211)October 23, 2017
Unomy August 11, 2017
Spacemob August 06, 2017
FieldLens (25)June 07, 2017
Welkio March 18, 2016
CASE August 05, 2015
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WeWork News and Updates

Valimail raises $25M in additional funding for its email authentication service

Valimail helps businesses ensure that nobody can impersonate them over email. That’s not a sexy business to be in, but very much a necessary one. The company’s email authentication service, which uses standards like SPF, DKIM and DMARC, is currently in use by the likes of Yelp, Uber, Fanni Mae and W…

WeWork's 'entirely new, nonsense' way of evaluating its profits is eerily similar to the tech bubble

WeWork reportedly invented a unique way to evaluate itself: "community-adjusted EBITDA." This emerged last week in documents prepared for investors ahead of its $702 million high-yield bond offering. Community-adjusted EBITDA, and the bond's slide in its first week of trading, are reminiscent of t…

What Big Real Estate Is Saying About WeWork

WeWork splashed into the news recently with at least $500M in debt financing. As part of the debt raise, WeWork revealed a view into its internal finances, showing substantial growth in revenue, and potentially alarming growth in costs. Outside of …

Entrepreneurs and VCs are a big part of Gold House’s inaugural list of 100 influential Asian America

Gold House is a new nonprofit seeking to support Asian Americans in business and culture, and today it’s launching a tried-and-true initiative to bring big names together — a list. The A100 list names 100 of the most influential Asian Americans and Pacific Islanders. Not surprisingly, it’s got Holly…

19 creative accounting schemes for money-losing startups

WeWork, the shared-office startup, isn’t just pioneering new ways of working, but new ways of accounting. In its bond prospectus this week, it introduced a…

Client Note: The Next WeWork, Adyen Beating Stripe, New AI Chip Startups, Robotics Valuations, And More

We cover a WeWork competitor jumping on the blockchain (of course) and more today: The next WeWork AI chip startups Is Stripe being outdone by Adyen? Robotics: Is this space ready for VC-level returns? A look back at TransferWise, Careem, …
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