Quitting WeWork (Clip) | VICE on …

WeWork CEO Adam Neumann wanted to revolutionize the real estate industry by building a network of co-working spaces on a massive scale. The company was valued at $47 billion when it tried to go public, but that value plummeted after WeWork’s shaky financial foundations and Neumann’s excesses were fully exposed. Mass layoffs ensued as Neumann left with a golden parachute.

VICE correspondent Seb Walker examines the spectacular rise and fall of WeWork, and delves into the world of venture capitalists willing to gamble billions on the next big startup.

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