Billionaire's WARNING: His $47 Billion Empire Collapsed! | Adam Neumann
Adam Neumann, founder of WeWork, joins Steven Bartlett to explain how his $47 billion company collapsed and what he learned about ego, growth, and rebuilding after failure.
The gist
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Neumann says accepting a $4.2 billion investment from Masa Son caused his ego to override the mission that had built WeWork, leading to cascading mistakes.
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When a company grows faster than its founder does as a person, Neumann says poor decisions follow, so personal development must keep pace with business growth.
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Neumann practices a weekly Technology Shabbat to disconnect from work and invest time in relationships and family, which he sees as part of total commitment as a founder.
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Neumann advises choosing investors based on their track record with founders, not just the size of the check they offer.
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