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The VC-fuelled comeback of WeWork founder Adam Neumann

The mercurial entrepreneur promises his new start-up can disrupt the property industry. Andreessen Horowitz is betting he is right.

New York/San Francisco | When Adam Neumann was studying at New York’s Baruch College 20 years ago, he pitched an idea he called “concept living” to its start-up competition: a communal twist on apartment rentals that sounded like a student dorm for urban professionals.

His professor quickly dismissed it, telling him that no entrepreneur could raise enough money to change how people live. Neumann dropped out to launch a few other start-ups (which also fizzled) before founding what he dubbed another kind of physical social network: WeWork, the co-working business whose rise and fall was to become a byword for start-up hubris.

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    Original URL: https://www.afr.com/world/north-america/the-vc-fuelled-comeback-of-wework-founder-adam-neumann-20220821-p5bbiy