WeWork

WeWork to Shutter Its Private Elementary School After Current School Year

WeGrow, the division of WeWork that operated a private elementary school, will close its doors after the current school year. A spokesperson for WeWork (officially called The We Company) said it “will continue to operate WeGrow through the remainder of the 2019-2020 school year.” But “as part of the company’s efforts to focus on its …

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VC Brad Feld on WeWork, SoftBank, and why venture firms may have to slow down their pacing in 2020 – TechCrunch

Yesterday, we had a chance to talk with longtime venture investor Brad Feld of Foundry Group, whose book “Venture Deals” was recently republished for the fourth time, and for good reason. It’s a storehouse of knowledge, from how venture funds really work to term sheet terms, from negotiation tactics to how to choose (and pay …

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WeWork cofounder Adam Neumann may have to unload property to pay off a giant loan – TechCrunch

Adam Neumann may be out of the daily flow of WeWork, but he seemingly remains top of mind to some of the company’s bankers. According to a new Business Insider piece, Neumann is working with JPMorgan, UBS, and Credit Suisse to consider new terms for a $500 loan that he took out before WeWork filed …

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WeWork used discounts to convince tenants to relocate to new locations

WeWork’s huge expansion in recent years left it with more than 30 million square feet of new office space to fill. In at least some cases, it tried to fill new or under-occupied spaces in the US by offering discounts to existing members at higher-occupancy locations to convince them to relocate, according to sources familiar …

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WeWork throws in the towel on its ill-fated IPO

(Reuters) – WeWork’s parent The We Company said on Monday it will file to withdraw its initial public offering, a week after the SoftBank-backed office-sharing startup ousted founder Adam Neumann as its chief executive officer. FILE PHOTO: A man enters a WeWork co-working space in New York City, New York U.S., January 8, 2019. REUTERS/Brendan …

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WeWork acquires SEO and marketing company Conductor – TechCrunch

WeWork is acquiring Conductor. The two businesses might not seem like an obvious fit. Why would a coworking giant buy a company that’s best known for search engine optimization? Well, Conductor co-founder and CEO Seth Besmertnik said that he and WeWork CEO Adam Neumann went to college together, and they’ve “kept reconnecting and reconnecting over …

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