Office-sharing company WeWork expands to WeLive
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- Опубліковано 24 тра 2016
- WeWork offers customized, shared office spaces for entrepreneurs. Its offices are home to 10,000 companies, and WeWork is now valued at more than $16 billion. WeWork just launched WeLive, taking its concept from the office to the living room. CBS News' Vladimir Duthiers tours the new spaces, while WeWork co-founder and CEO Adam Neumann joins "CBS This Morning" to discuss the "We Generation" and his mission to change office and living culture.
So that professor was right all this time
Charlie Rose was a disgusting joke. So glad he's disappeared into forced retirement. He was okay with authors and poets and non-famous artists, but Charlie has spent his entire career fawning over and brown-nosing anyone famous, especially if they are really rich and a corporate titan or tech entrepreneur. Charlie can get his head far enough up their arse. Disgusting old perv. // Gayle quotes: "No schmucks no jerks" lol ... Adam Neumann is both. So the rule only applies to the dopes who are WeCustomers, not to the WeLeadership.
Wow, it's a nightmare for introverts
Nightmare for investors too
Totally true - fake smiles all day around
@@larslover6559 *softbank cries in the corner*
It's a Dorm for grown-ups
This person gets it.
Jered Leto and Anne Hathaway did phenomenal playing them
WeWork is awesome, but this is like: 'Willingly pay us money to live like a student'
Adam reminds me of the guy at the mall kiosk who’s always trying to sell beauty to your girlfriend.
So accurate haha
Haha true cuz they are most of the times Israelis, like him.
So, Neuman, same as Elizabeth Holmes, both got advice form their professors not to start companies with deceiving ideas and business models that don't work.
And both had committed fraud to prove their ideas works very well
I hope for WE ISLAND with Adam the GURU on top of the hill. No press allowed!
He played the game and now his family will live off that sweet caviar for many generations to come.
They want us all to be inside all day, never leave the house.
Hey how is it going 2020....lol... we're all inside
Any who says they want to change the world and talks about being inspired all the time in an interview on a repeated basis instead of sticking to the facts of the business model is a red flag.
Anyone who calls themself a ‘disruptor’ is a huge red flag
It’s really interesting that in both Elizabeth Holmes case and Adam Neumann, there were professors that leveled with them, but those in the banking, legal, and in Holmes case scientific community bought what they sold. I think there’s something to be said about intelligent people who have no stake in what your selling giving you their unvarnished opinion of your business ideas…
I don’t believe you can compare wework to theranos. I don’t believe he ever lied about product . Those professors were obviously wrong when it comes to Adam and not most average people are able to see the future of thought and ideas so they are quick to put them down. In my opinion welive is an amazing idea!!
This video and his claim didn`t age well.
It could make a comeback when work from home people realize they are isolating themselves too much.
This is actually a bomb idea. It's just said Adam didn't prioritize profit
You know if WeWork ever decided to open a funeral service store they can call it WeDead or WeMourn 😂😂🤣
Might complement with WeLied
and WeGone@@gustavoleo
He robbed the company of every penny, this guy is a con man.
He is a SCAM - how did people not see this from how he is as a person and his voice??
People who do actual work don't want be around other people! People want solitude. Why would anyone think this would be a good idea?
I use to work at wework- the worst thing ever. So loud that I couldn’t even concentrate on anything.
Unless the productivity is so little than it fine. But its so unrealistic
True!
He could start WeJail next...
And many people fell for that. The only winners are the property owners.
Such a great idea, tanked by executive hubris.
Great Idea? This is just short-term office leasing with free beer, ikea furniture and vacuous slogans. There's a reason no one in real estate does this. It's very little margin and extremely high risk.
Astonishing that Adam Neumann and his wife were able to get additional financing after the loss of billions. BT Barnum was right, "There is a sucker born every minute." Some of them have a lot of money, like the guys as SoftBank.
plenty of large companies (including Uber) lose billions before ever turning a profit in order to gain market share, this was and is a popular VC strategy. it's demented, and is basically the opposite of what capitalism is about, but has turned out to be a profitable way to monopolize a market and reap the rewards.
@@lavs8696 Uber had a viable business model worth billions, as the market bore out. Suggesting WeWork had a viable business model worth billions is your prerogative, but the market made it clear that was not the case. The "geniuses" at Softbank billions, consistent with BT Barnum. Suggesting WeWork was an example of a "popular VC strategy is again, laughable. It is a great example salesmanship. So was Theranos was another. There is a difference between fraud/stupidity and capitalism
@@BillFotsch "Uber had a viable business model worth billions, as the market bore out" I don't even know what you mean by this, they operated at a loss for years in order to attain market share, the same thing WeWork did. Of course rideshare is a real business, as is coworking. WeWork is not the only coworking company, there were several in every major city operating at a profit. This was a viable business, but with VC funding they turbocharged in order to run others out of business and gain market share. WeWork will likely become profitable soon as they shift from a revenue model to a profit driven one.
@xan kon Evidently neither does WeWork, having gone bankrupt, fired hundreds of employees and generating one of the largest losses Softback, their investor, had ever had. But I gather you are an expert. How much money did you invest and lose in WeWork?
Hard to keep comments respectful when this hack is getting interviewed. Reminds me of uri geller who claims he can bend spoons with the power of his mind 🧐
Amazing that WeWork ever managed to get a billion dollar credit facility from JP Morgan and further billions from Masa Son. No wonder both wanted to keep the $48 billion dollar IPO myth going,
I haven't watched that uri Geller scam in a long time.
20+ active working community = 50+ active retirement community
If I have to work in a community and network and connect with people during the day at wework, I want to be left alone once I get home.
The WE idea was good, it just wasn't well executed, they grew too fast, spended money carelessly on things that weren't a must yet saved on things that were needed, and lost control. I was a member in Santiago and the building was always half broken, either the elevator didn't work, or the bathrooms looked half broken and there weren't not enough of them, or it was the printers turn to not work, or the quiet rooms were unavailable because the chairs on them had been broken for days. Their community managers had a hard job putting fires down and it looked like wework overworked them, at some point I think that I saw them cleaning the common areas which made me wonder if they did not have enough money to hire more janitors, so the community managers had to deal with that also, saving money on salaries while their ceo was partying like a Rockstar. No wonder it did not work
What’s such a good idea about it?
A regular company sinks a great deal of money into office space because it allows their employees to work and generate income.
In a work share, the work share company pays the high cost for commercial space, except instead of the space allowing them to reach business goals, simply collecting user fees IS the business model. Pretty limiting.
Hilarious in this video them touting their “revolutionary” approach to housing, which appears to be one of those standard 5 Over Ones which are ubiquitous
Partying like a rockstar, and committing legit fraud on his investors/employees. It is RIDICULOUS to operate a business the way they were, buying up trademarks and selling them back to himself, buying properties and selling them back to himself, that’s just bleeding the company dry. And it’s not a viable business concept even if he wasn’t a crook, that’s why it’s not the way things are done.
Good idea? This isn't new. This is short-term office leasing with ikea furniture, free beer and sloganeering. Short-term office leasing is incredibly risky. It has low margin when the economy is good and completely fails the moment the economy gets bad. WeWork achieved the market cap it had by convincing venture capitalists with no real estate experience to invest in a business that only prioritized growth and not actual return. At best Adam in incompetent. At worst he's a scam artist that targeted ultra-wealthy suckers with money to burn.
If you need a quick recap to “WeCrashed” you’ve come to the right place
Amazing idea. Welive sounds like an Isaac Assimov setting
I see an “American Greed” episode in the future.
And a Hulu documentary 😂😂
We got a whole ApplevTV show instead :)
yeah, your professor was right.
This aged like milk lol
Anyone who talks with the dumb positivity and all the soft talk. Is probably a scammer. It’s common sense.
I started out in engineering in the 90s and remember co-working places like these. So color me surprised when I saw the big hoopla over WeWork. It didn't work back then so don't know why it would work now.
Little productivity i guess.
What company managed them? Thanks if you reply.
He just tried to expand too fast. It could have worked.
We Live was probably a better business concept than We Work
@@PeacockRhino it’s not a concept really but yeah those types of apartments are doing well.
his college professor was right ... he didn't advance him
this is aging sooooo well
He let's figure out how we can jam a bunch of people into one building and give ourselves a pat on the back for thinking that we solved some kind of human problem all while sipping champagne in our $100 million dollar yachts!
"The profit will follow"... yeah that didn't happen
The grand idea is basically a landlord who doesn't own their building, who rents from the real landlord and sublet to We generation 😂😂😂 hmmmm let's give this a tech level revenue multiple in valuation.
Haha absolutely
Rent to rent a lot people doing this right now on a small scale
And now he has expanded to WeDied
This concept address the needs of only a select group of people it's cool. But very limited/limiting
How many products fit every single person on the planet? 0. All a product needs to do is to serve enough people to be profitable, and to make its customers happy. Business relationship.
@@seanharris140 nut then you cant be pushing youre growth to the levels of something like uber, which is a product that honestly serves the majority of people
I wish they had asked how exactly it's different than a co-op. It seems like the two differences are that obviously it has a different financial structure, and there's probably less control in the hands of people living there because they don't collectively own everything. It seems just...worse than a co-op. But if they can take advantage of their for-profit model to spread virally and get more people to experience co-op sort of living then I think it's great.
100% agree. Less control, more costs.
Private bedrooms starting at $1,900/person*
Private studios starting at $3050
For NYC
Costs a lot to live like a slave.
@@KevinHoda 5:28 Wrong figures, didn't You watch video? It's reasonable $ 1375,- in NYC Manhatten, which is expensive in the entire area. However I feel they should subsidize it to below USD 1000,- per month.
@@NewBalance-pu8ft
I was just looking at the prices on their website where you actually pay, not the ones they show on tv:
www.welive.com/new-york-city/
That tweaking doe 1:37 lol 😆
2 minutes in and already feeling claustrophobic
This video aged well. I enjoy the WeWork office very much.
Yeah but I mean, no offense but, you’re not exactly a business genius.
@@booognish faceless and nameless fake internet account.
How do they get the ideas.
We should have listened to the professor.
Turns out his passion is conning investors’ money hahaha
This didn’t age well. Read the book Billion Dollar Loser. His wife Rebecca was NOT a founder of the firm. Miguel McKelvey was the co-founder 🙄
I am reading that book
Softbank paid for this that's why rent was so low
Soon he will be in a prison greater than himself
Unlikely
Capitalist criminal isnt a crime according to capitalism
If its such a great idea why doesn't he live there?
College professor was right
What if I don’t want to share a kitchen with strangers
College Dean was right
these "co-working" spaces are full of "wannabes" that are for the largest percentage losers with dreams of "silicon valley type grandiosity". I walked into WeWork once just 'cause a friend drag me there, and the amount of fakeness and pretentiousness of people (running the place and renting spaces) was without match. I excused myself within 15 minutes and went to the gym instead. I am not kidding when I say, that I felt "dirty" when i left the place given the amount of "bs vibe". When I watched one video of that guy Adam, then i understood why he appealed to all the losers going bananas about him, he very accurately marketed to that type of people and start ups: all image, all pretentiousness, all "talk" and very little depth.
Did he say that in order "to get an apartment in NY City you'd have to show 50x rent"?????
Its actually 40x rent. I don't know where he got that 50x. 80x for those with guarantors.
This aged liked milk
When a megalomaniac thinks his real estate company is a tech company
It is a tech company
It was just too soon
By God I hate this company and it's POS (former) CEO. Don't invest in it!
Adam you should listened to your professor.
Who else is here from the hulu doc
Oh yeah - I’d never heard of this guy or WeWhatever before so I enjoyed watching him fall. What a major scammer.
They're still open and in business
The Welive concept actually sounded nice 😅
how about WeFxck?
I am sure many will find their life partner in welive. Perfect for singles for flirting!
I know the name of the next company Adam will start: WeFailed.
Simple formula create an idea or model that looks fancy and impossible but is possible because of you.
Second, talk like they are about to change the world with their intervention, talks fancy thing regarding that intervention, should sound like they are helping people with their product with minimal self interest but the opposite is only true.
If business man tells you that he only care about people and not about money or business, he is lying.
Eg :- Elizabeth Holmes, now adam
You forget that you have to tell its "disruptive in the space"
Those RE developers didnt care (they actually did and warned him), they just cashed out money the investors put in this project
Scammer gets interviewed and no-one calls him on his BS
Uber, Tesla, Door Dash all these quick money scam businesses. This guy woulda been called out if a conservative was interviewing. Fake news + fake entrepreneurs. Disaster.
That's liberal news networks for ya
@@basitk12 Except uber is a successful and profitable business model.
oh how the turntables
Upscale college living for indentured student-debt servants. Wheels are falling off the unicorn hype machine...
We all need to live in harmony in a kibbutz like mr wierdo
He can't contain his duping delight. Total B.S. As members of this WeWhatever, members pay to be in a "group think" of others who've made the same mistake.
Came here because of the weCrashed show!
Sooo you live in a dorm...
So its just a really nice apartment building?
Looks like an Incubus cover band singer..
This is the Dot Com bubble all over again. People will never learn...
Wedine, welove, wefly, webuy!!
Isnt this guy the founder of the Fyre Festival?
ummmmm yeah... must have not read HIGH RISE
So ... a dorm?
Karen Carpenter started WeLive?
Wework He rich
An introverts worst nightmare
I believe welive is a far better business model than wework, because there is a real demand for it in larger cities with a high demand for renting living space and low supply for rental apartments like in San Francisco. Also in cities like Frankfurt, Germany, where social ties have broken apart to connect them again! But the price should be below € 750,- for a small room, maximum € 999,- incl. of all costs per month for a room with attached bathroom sized around 30-50 sqm. Maybe wework, welive and a connected gym should be in the same building.
They are exactly the opposite of what those people need, and are doing exactly what is destroying the rental economy.
WeLive failed too. What a "great idea"
WeCaCa
...Now 4th failed business
Handsome is as handsome does. Have some VC money
"We are as good as the people we surround ourselves with" ? LOL
Makes no sense
Yeah when the people is delusional he is delusional too
Follow your passion is some of the worst business advice one can get. Reading The Cult of We, his wife sounds awful.
he is on the same thing than that long hair blonde guy on jubilee
Cray cray
Hilarious 😄😄😄 trust me we all prefer working from home
Huckster.
Watching a scam artist at work.
Really?
If I plan to purchase some type of service from you and you have a shared office, it’s a no from me dawg.
That lack of privacy makes me cringe.
wecult
Why didn't Adam just get some cheap farmland and start a hippie community? Pass out some tambourines and you're all set.
Ahah this aged well...