description Adam Neumann Overview
Adam Neumann is an Israeli-American entrepreneur who co-founded the coworking company WeWork in 2010 and served as its CEO until 2019. Under his leadership WeWork's private valuation peaked near $47 billion, but when the company filed for a 2019 IPO, scrutiny of its losses and of Neumann's governance and conflicts of interest led the offering to be withdrawn and he resigned. He later founded Flow, a residential real estate venture backed by the venture capital firm Andreessen Horowitz.
help Adam Neumann FAQ
Who is Adam Neumann?
Adam Neumann is an Israeli-American entrepreneur who co-founded WeWork in 2010. He served as the company's chief executive until 2019.
How high did WeWork's private valuation rise under Neumann?
WeWork's private valuation peaked near $47 billion. The valuation later came under heavy scrutiny during the company's attempted 2019 IPO.
Why did Adam Neumann leave WeWork?
He stepped down as CEO in 2019 after investor criticism of WeWork's losses, governance, and the details revealed in its IPO filing. The failed IPO process weakened his position at the company.
What company did Adam Neumann start after WeWork?
He later founded Flow, a real-estate company focused on residential housing. Flow attracted major venture funding and renewed public discussion of Neumann's business career.
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