“WeWork Used These Documents To Convince Investors It’s Worth Billions”

Adafruit 0450

WeWork Used These Documents To Convince Investors It’s Worth Billions – BuzzFeed News. This is an amazing article, WeWork is all over NYC and adding more almost daily it seems –

What the $10 billion co-working company’s internal financial documents tell us about how a decacorn is built.

…

WeWork expected operating profit of $4.2 million from revenue of $74.6 million by the end of 2014. By 2018, the company predicted operating profit of $941.6 million on revenue of $2.86 billion. The number of co-working members were to set to explode from 16,279 to 260,000 in the same time period. WeWork forecast 376 shared office location in 2018, up from 24 in 2014. 
This material was prepared a year ago. Since sharing this data with investors, WeWork has raised yet another $433 million (mostly from the same firms). In the interim, its predictions have changed significantly, as have some of its business practices.