Category Archives: WeWork

WeWork gets into the food business, backing the superfood startup of big wave surfer Laird Hamilton

WeWork CEO Adam Neumann has been described as an avid surfer, one who has been known to grab his board and go, both in the Hamptons in Long Island, where he reportedly owns a home, as well as in Hawaii. Maybe it’s no surprise, then, that WeWork is now also investing in a so-called superfood company that was created several years ago by big wave surf star Laird Hamilton, who Neumann was apparently surfing alongside just last week. In a video call with Neumann on Monday, a Fast […]

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WeWork rebranding won’t work

The company formerly known as WeWork has rebranded as the We Company — although a better name for its network of on-demand office spaces for the newly incorporated and nominally employed, co-living spaces for the same easyJet-set and educational and coding services could be “House of Cards.” News of the rebranding (first reported via Fast Company) comes on the heels of reports that the company would no longer be receiving a planned $16 billion golden parachute to escape a soon-to-be-sinking real estate market investment from longtime backer Masayoshi Son’s SoftBank […]

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For SoftBank, no majority stake in WeWork as it scales down talks from a new $16 billion investment to $2 billion

Several weeks after it was reported by the WSJ that two of the biggest investors in SoftBank’s massive Vision Fund vehicle were cool on its planned $16 billion investment in the coworking company WeWork, those plans have changed radically, says the Financial Times. According to its sources — and confirmed by our own — SoftBank is now in “detailed negotiations” to invest a comparatively modest $2 billion more into WeWork, plans that could be firmed up as soon as the end of this week. A WeWork spokesperson […]

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The limits of coworking

It feels like there’s a WeWork on every street nowadays. Take a walk through midtown Manhattan (please don’t actually) and it might even seem like there are more WeWorks than office buildings. Consider this an ongoing discussion about Urban Tech, its intersection with regulation, issues of public service, and other complexities that people have full PHDs on. I’m just a bitter, born-and-bred New Yorker trying to figure out why I’ve been stuck in between subway stops for the last 15 minutes, so please reach out with your […]

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Last call for Polish pitch-offs

I’m heading back to Europe to hang out in Wroclaw and Warsaw so it’s last call for pitch-off applications. I’ll be at a Wroclaw event, called In-Ference, which is happening on December 17; you can submit to pitch here. The team will notify you if you have been chosen. The winner will receive a table at TC Disrupt in San Francisco. The Warsaw event, here, is on the 19th at WeWork in Warsaw. You can sign up to pitch here. I’ll notify the folks I’ve chosen and the winner gets […]

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See you in Poland next week

I’m heading back to Europe to hang out in Wroclaw and Warsaw, Poland. Are you ready? I’ll be at a Wroclaw event, called In-Ference, which is happening on December 17 and you can submit to pitch here. The team will notify you if you have been chosen. The winner will receive a table at TC Disrupt in San Francisco. The Warsaw event, here, is on the 19th at WeWork in Warsaw. You can sign up to pitch here. I’ll notify the folks I’ve chosen and the winner gets a table […]

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Foxconn or Foxgone? Tariffs, Wisconsin and iPhone fires

First some notes on SoftBank’s rumored expansion into China and its weird fund math, then Foxconn and then quick notes on tech depression, Huawei and more. TechCrunch is experimenting with new content forms. This is a rough draft of something new — provide your feedback directly to the author (Danny at danny@techcrunch.com) if you like or hate something here. SoftBank has fund visions (and a Vision Fund) for China? That, and more money Kane Wu at Reuters reported overnight that SoftBank is looking to open an office […]

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Let’s meet in Poland this month

I’ll be heading back to Europe on December 18th to run a pitch-off in Wroclaw, Poland. It’s a bit out of the way but well worth a visit if only for the sausages. The event called In-Ference is happening on December 17 and you can submit to pitch here. The team will notify you if you have been chosen to pitch. The winner will receive a table at TC Disrupt in San Francisco. I’m also thinking about an event in Warsaw on the 21st but WeWork didn’t […]

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WeWork hires Prabhdeep Singh to lead operations for its startup program WeWork Labs

WeWork has hired Prabhdeep Singh to serve as the first global head of operations for its startup program WeWork Labs. It’s a program that relaunched earlier this year, providing early-stage startups with desk space, educational programs and mentorship. Since the relaunch, the company says it’s opened in more than 24 locations in 14 cities across nine countries, and it’s already working with more than 1,000 startups. “When you think about WeWork assets, it’s this massive global footprint that’s really at the nexus of startups, big corporations, small […]

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WeWork picks up ANOTHER $3B from SoftBank

WeWork has picked up another $3 billion in financing from SoftBank Corp, not to be confused with SoftBank Vision Fund. The deal comes in the form of a warrant, allowing SoftBank to pay $3 billion for the opportunity to buy shares before September 2019 at a price of $110 or higher, ultimately valuing WeWork at $42 billion minimum. In August, SoftBank Corp invested $1 billion in WeWork in the form of a convertible note. According to the Financial Times, SoftBank will pay WeWork $1.5 billion on January […]

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