The Cult of We: WeWork, Adam Neumann, and the Great Startup Delusion

The Cult of We: WeWork, Adam Neumann, and the Great Startup Delusion

  • Downloads:5439
  • Type:Epub+TxT+PDF+Mobi
  • Create Date:2021-07-27 08:16:10
  • Update Date:2025-09-23
  • Status:finish
  • Author:Eliot Brown
  • ISBN:B08FHC77MT
  • Environment:PC/Android/iPhone/iPad/Kindle

Summary

‘An amazing portrait of how grifters came to be called visionaries and high finance lost its mind。’ Charles Duhigg, bestselling author of The Power of Habit

The definitive inside story of WeWork, its audacious founder, and the company's epic unravelling from the journalists who first broke the story wide open。

In 2001, Adam Neumann arrived in New York after five years as a conscript in the Israeli navy。 Just over fifteen years later, he had transformed himself into the charismatic CEO of a company worth $47 billion。 With his long hair and feel-good mantras, the six-foot-five Neumann looked the part of a messianic Silicon Valley entrepreneur。 The vision he offered was mesmerizing: a radical reimagining of work space for a new generation。 He called it WeWork。

As billions of funding dollars poured in, Neumann's ambitions grew limitless。 WeWork wasn't just an office space provider; it would build schools, create cities, even colonize Mars。 In pursuit of its founder’s vision, the company spent money faster than it could bring it in。 From his private jet, sometimes clouded with marijuana smoke, the CEO scoured the globe for more capital but in late 2019, just weeks before WeWork's highly publicized IPO, everything fell apart。 Neumann was ousted from his company, but still was poised to walk away a billionaire。

Calling to mind the recent demise of Theranos and the hubris of the dotcom era bust, WeWork's extraordinary rise and staggering implosion were fueled by disparate characters in a financial system blind to its risks。 Why did some of the biggest names in banking and venture capital buy the hype? And what does the future hold for Silicon Valley ‘unicorns’? Wall Street Journal reporters Eliot Brown and Maureen Farrell explore these questions in this definitive, rollicking account of WeWork's boom and bust。

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Reviews

Kate (kate_reads_)

The Cult of We was an interesting look at WeWork and its founder Adam Neumann。 While there were parts I already knew, there was definitely a lot of information that was new to me。 At one point in the middle it felt repetitive and like more information than I needed about every valuation - but I think that may be more about me than the book。 If you enjoyed Bad Blood, are intrigued by Shark Tank or have been curious about WeWork, I recommend checking this out。 Thank you to the publisher for the fr The Cult of We was an interesting look at WeWork and its founder Adam Neumann。 While there were parts I already knew, there was definitely a lot of information that was new to me。 At one point in the middle it felt repetitive and like more information than I needed about every valuation - but I think that may be more about me than the book。 If you enjoyed Bad Blood, are intrigued by Shark Tank or have been curious about WeWork, I recommend checking this out。 Thank you to the publisher for the free book。 I purchased the audiobook for myself。 。。。more

Miguel

At first I was skeptical of whether I needed to listen to another audiobook about Adam Neumann, but it shortly became quite clear that this was if not the definitive story of WeWork, at least the better of the two that I had listened to。 This well captures the absolute hubris, egocentricity, soullessness, and tyrant like behavior of its founder and his equally loathsome partner, making the characters out of Succession seem tame in comparison。 It’s difficult to feel any level of sympathy for anyo At first I was skeptical of whether I needed to listen to another audiobook about Adam Neumann, but it shortly became quite clear that this was if not the definitive story of WeWork, at least the better of the two that I had listened to。 This well captures the absolute hubris, egocentricity, soullessness, and tyrant like behavior of its founder and his equally loathsome partner, making the characters out of Succession seem tame in comparison。 It’s difficult to feel any level of sympathy for anyone involved in this entire debacle and certainly Masayoshi Son deserves a huge heap of blame for enabling this sociopath。 At the same time, it documents what’s so wrong with the unicorn valuations and how the majority of them are pumped up nothingness and shows that we’re about 2 to 3 years away from the next crop of similar tales about SPAC and crypto-garbage related tales of excess gone wrong。 。。。more

Ann

I had been following the death spiral of WeWork with some interest in the fall of 2019, but I had never been able to understand the story (not having a business or finance background)。 So I welcomed this book, and I was not disappointed。 The authors managed to de-mystify some of the business dealings of WeWork and also offered some insight into the "it's who you know" world of venture capitalism, the difference between private and public markets, the disproportionate influence of some big pocket I had been following the death spiral of WeWork with some interest in the fall of 2019, but I had never been able to understand the story (not having a business or finance background)。 So I welcomed this book, and I was not disappointed。 The authors managed to de-mystify some of the business dealings of WeWork and also offered some insight into the "it's who you know" world of venture capitalism, the difference between private and public markets, the disproportionate influence of some big pocket investors in Japan and Saoudi Arabia, and other topics that are totally peripheral to my life, but fascinating (and sometimes horrifying) nevertheless。 And yes, I will admit that I did enjoy the scandalous anecdotes of Adam and Rebekah's lifestyle and self-serving New Age gobbledygook。 And I was certainly flabbergasted to read how Adam essentially got paid a boatload of money to walk away from the company whose financial future he had blighted。 Still, this is ultimately a cautionary tale and an illustration of just how dangerous too much reliance on charismatic founders or CEOs (Jeff Skilling of Enron, Elizabeth Holmes of Theranos, Adam Neumann) can be。 I would also say : cheers for the SEC, which did not cave in to Neumann's pressure to accept a particular (and biased) metric of profitability in their S1 document。 Fascinating read! 。。。more

Sanford Chee

NYT reviewhttps://www。businesstimes。com。sg/life。。。 NYT reviewhttps://www。businesstimes。com。sg/life。。。 。。。more

Keely

Wow。 Just wow。