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.

TypePrivate
HQNew York, US
Founded2010
Size (employees)6,256 (est)+7%
Websitewework.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

Founding Date

2010

WeWork total Funding

$6.9 b

WeWork latest funding size

$4.40 b

Time since last funding

a year ago

WeWork investors

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 $20 b.
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WeWork Revenue

WeWork's revenue was reported to be $886 m in FY, 2017 which is a 103.2% increase from the previous period.
USD

Revenue (Q2, 2018)

422.0m

Market valuation

20.0b

Cash (31-Dec-2017)

2.0b

EV

18.1b
Annual
USDFY, 2016FY, 2017

Revenue

436.1m886.0m

Revenue growth, %

103%

Sales and marketing expense

43.4m143.4m

General and administrative expense

115.3m454.0m
Quarterly
USDQ1, 2017Q2, 2017Q1, 2018Q2, 2018

Revenue

163.0m198.0m342.0m422.0m

EBITDA

95.0m

EBITDA margin, %

28%
USDFY, 2016FY, 2017

Cash

506.6m2.0b

Accounts Receivable

18.0m35.6m

Current Assets

621.4m2.4b

PP&E

1.5b2.3b
USDY, 2018

Revenue/Employee

98.1k
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WeWork Operating Metrics

Y, 2015Y, 2016May, 2017Jul, 2017Sep, 2017Dec, 2017Feb, 2018Mar, 2018Apr, 2018Q2, 2018

Members

40 k80 k175 k200 k220 k268 k

Locations

52 140 155 164 200 230 234 287

Countries

14 15 17 21

Active Cities

44 50 71
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WeWork Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
TeemSeptember 12, 2018$100 m
MissionUMay 17, 2018
Naked HubApril 12, 2018$400 m
ConductorMarch 06, 2018
MeetupNovember 28, 2017$30 m
Flatiron SchoolOctober 23, 2017
UnomyAugust 11, 2017
SpacemobAugust 06, 2017
FieldLensJune 07, 2017
WelkioMarch 18, 2016
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WeWork Revenue Breakdown

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WeWork revenue breakdown by business segment: 5.0% from Service, 92.8% from Membership and 2.2% from Other

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WeWork Online and Social Media Presence

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WeWork News and Updates

WeWork Is Getting Into Workplace Fashion With Rent the Runway

WeWork Is Getting Into Workplace Fashion With Rent the Runway

SoftBank’s WeWork bid signals push to let companies stay private

SoftBank is in discussions to take a majority stake in WeWork with a $15 billion to $20 billion investment.

WeWork Accused of Mishandling Sexual Assault Reports Amid ‘Frat-Boy Culture’

A former employee says she was fired after complaining HR did not adequately handle her reports of assault.

Blood capital, WeWork whisperings, and gobs of cash for smiles and vegetables

 Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. This week we had a good crew on the show. We had Connie Loizos and Danny Crichton from TechCrunch, I scampered over from the Crunchbase News domicile, and Brian O’Malle…

SoftBank upping bet on loss-making WeWork with possible majority stake: source

SAN FRANCISCO/NEW YORK (Reuters) - Japan's SoftBank Group Corp is in discussions to buy a majority stake in U.S. shared office space provider WeWork Cos, a source said, potentially doubling down on one of its biggest bets on a loss-making startup.

UPDATE 4-SoftBank upping bet on loss-making WeWork with possible majority stake-source

* Loss-making WeWork growing rapidly on demand for flexible leases
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WeWork Company Life and Culture

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