Stories of Adam Neumann's wanton spending and erratic behaviour on his private jet have become the stuff of legend. They're not deterring major venture capital investment, however.
As a quick refresher, the company went from being the darling of the venture capital world, withToday, WeWork is worth roughly $4,3 billion and Neumann, who left the company in 2019, exited with a package reportedly worth $1,7 billion.yet? Perhaps not, because it looks like he’s been hard at work growing a billion-dollar real estate start-up.
Andreessen acknowledged that Neumann had suffered a very public fall from grace as WeWork bombed but backed him to come good this time: “Adam, and the story of WeWork, have been exhaustively chronicled, analyzed, and fictionalized — sometimes accurately. For all the energy put into covering the story, it’s often under appreciated that only one person has fundamentally redesigned the office experience and led a paradigm-changing global company in the process: Adam Neumann.”
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