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The cult of We : WeWork, Adam Neumann, and the great startup delusion  Cover Image Book Book

The cult of We : WeWork, Adam Neumann, and the great startup delusion / Eliot Brown and Maureen Farrell.

Brown, Eliot, (author.). Farrell, Maureen, 1979- (author.).

Summary:

"The definitive inside story of WeWork, its audacious founder, and what its epic unraveling says about a financial system drunk on the elixir of Silicon Valley innovation-from the Wall Street Journal correspondents whose scoop-filled reporting hastened the company's downfall. WeWork would be worth $10 trillion, more than any other company in the world. It wasn't just an office space provider. It was a tech company-an AI startup, even. Its WeGrow schools and WeLive residences would revolutionize educationand housing. One day, mused founder Adam Neumann, a Middle East peace accord would be signed in a WeWork. The company might help colonize Mars. And Neumann would become the world's first trillionaire. This was the vision of Neumann and his primary cheerleader, SoftBank's Masayoshi Son. In hindsight, their ambition for the company, whose primary business was subletting desks in slickly designed offices, seems like madness. Why did so many intelligent people-from venture capitalists to Wall Street elite-fall for the hype? And how did WeWork go so wrong? In little more than a decade, Neumann transformed himself from a struggling baby clothes salesman into the charismatic, hard-partying CEO of a company worth $47 billion-on paper. With his long hair and feel-good mantras, the six-foot-five Israeli transplant looked the part of a messianic truth teller. Investors swooned, and billions poured in. Neumann dined with the CEOs of JPMorgan and Goldman Sachs, entertaining a parade of power brokers desperate to get aslice of what he was selling: the country's most valuable startup, a once-in-a-lifetime opportunity and a generation-defining moment. Soon, however, WeWork was burning through cash faster than Neumann could bring it in. From his private jet, sometimes clouded with marijuana smoke, he scoured the globe for more capital. Then, as WeWork readied a Hail Mary IPO, it all fell apart. Nearly $40 billion of value vaporized in one of corporate America's most spectacular meltdowns. Peppered with eye-popping, never-before-reported details, The Cult of We is the gripping story of careless and often absurd people-and the financial system they have made"-- Provided by publisher.

Record details

  • ISBN: 9780593237113
  • ISBN: 0593237110
  • Physical Description: xiii, 446 pages : color illustrations ; 25 cm
  • Edition: First edition.
  • Publisher: New York : Crown, [2021]

Content descriptions

Bibliography, etc. Note:
Includes bibliographical references (pages 403-431) and index.
Subject: Neumann, Adam, 1979-
WeWork (Firm)
Business enterprises > United States > Finance > Case studies.

Available copies

  • 4 of 4 copies available at Missouri Evergreen. (Show)
  • 1 of 1 copy available at Cass County.

Holds

  • 0 current holds with 4 total copies.
Show Only Available Copies
Location Call Number / Copy Notes Barcode Shelving Location Status Due Date
Cass County Library-Northern Resource Center 333.3387 BRO 2021 (Text) 0002205438936 Adult Non-Fiction Available -


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