WeWork
Elevated the world's consciousness (and office rent)
Valuation at Death
$47 billion
Money Burned
$18.9 billion
Body Count
12,500 layoffs
Lifespan
3287 days (9 years)
☠️ Official Cause of Death
Math is hard
Spent $2 for every $1 earned. Called it 'community adjusted EBITDA'
Epitaph
We tried to elevate consciousness
But couldn't elevate profits
RIP to the WeWork way
At least the kombucha was free
Famous Last Words
"We're a tech company (with leases)"
"Community adjusted EBITDA is totally a thing"
💡 The Lesson
Losing money ≠ changing the world
I Was There Too
Raise your hand. Be honest. We all fuck up.
No one has confessed yet. Be the first to raise your hand.
Were you part of this? Did you use it? Raise your hand:
Enjoyed Reading About WeWork's Death?
Cool. Now be a human and admit a time you've fucked up.
You just read about someone else's failure. Maybe it's time to share yours? You might leave here with a friend who made the exact same mistake.
Fine, I'll Share My Failure