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WeWork
WeWork is a provider of shared workspace, community, and services for entrepreneurs, freelancers, startups and small businesses. Founded in 2010, the company is headquartered in New York City. As of March 2015, WeWork had 29 coworking locations in 10 cities around the world with plans to expand to 60 locations by fall 2015. After a December 2014 funding round of $355 million, the company was valued at approximately $5 billion, which puts it on par with such companies as Pinterest. WeWork was named among the "most innovative companies" of 2015 by Fast Company magazine.
WeWork designs and builds physical and virtual communities that aim to act as a “hothouse for new business formation—by bringing together entrepreneurs who share space, office services and, potentially, ideas.” The company’s 20,000-some members have access to health insurance, an internal social network, social events and workshops, and an annual summer retreat.
WeWork has more than 250 employees and plans to open additional locations in New York City, Brooklyn, London, Los Angeles, Austin, Amsterdam, Chicago, and Miami.
- Part of Speech: Other
- Synonym(s):
- Blossary: co-working space
- Industry/Domain: Business administration
- Category: Entrepreneurship
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