In a Classic Case of Men Failing Upward, Adam Neumann’s Back to Build the “Future of Living”
The comeback tour continues
First, he created a co-working company (sorry, a “tech” company) that hit a peak valuation of $47 billion.
Then he created a residential real estate branch called WeLive, in an attempt to disrupt apartment living.
Then he created a WeGrow to keep his wife happy, a school that threw out the typical curriculum to instead feed children’s souls and “unleash every person’s superpower.”
Then, he elevated the world’s consciousness.
And then, he blew it all up in spectacular fashion (and didn’t elevate the world’s consciousness. Though he did buy a wave pool.)
Adam Neumann’s WeWork adventure effectively set fire to millions of investor’s dollars. In return, the founder jetted off with riches beyond belief, leaving long-time employees holding worthless stocks and the company bleeding staggering amounts of money. His track record, which also includes a failed baby clothes company, should be a massive red flag to investors and should have closed the free-flowing tap once and for all.
And yet, like so often is the case, once the dust had settled, people moved on. We forgot about the Neumanns. We forgot…