Hardware Podcasts

HIBT Lab! WeWork: Miguel McKelvey

How I Built This · 21 Apr 2022 · 29m

What this episode covers

Miguel McKelvey, co-founder of WeWork, reflects on the company's rapid expansion following a $4 billion SoftBank investment, explaining how the shift to capturing market share over profitability led to unsustainable losses and a failed IPO. He discusses the cultural impact of Adam Neuman’s leadership, the painful downsizing during the pandemic, and his decision to leave the company in 2020. McKelvey now focuses on supporting excluded entrepreneurs through his financial platform Known and his new company, Naya Studio, which builds physical businesses like the Shoot 360 basketball facility.

Most relevant to

large enterprises

Topics

Mentioned

Companies
WeWork, SoftBank, Naya Studio, U.S. Bank
Products
Meetup, Known, Shoot 360

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