How WeWork's SHOCKING Mistake made it go BANKRUPT from 47 Billion dollars? : Business Documentary

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VIDEO INTRODUCTION:
Hi everybody,
On the 6th of November, WeWork filed for bankruptcy.
Today, its share price has dropped from 100 dollars in 2022 to just $1.6, thats a drop of 98.4% in just 1 year!!
But did you know that back in 2019, this same company was considered to be revolution in the American start up ecosystem because they were valued at a mind-boggling 47 Billion dollars!!
Fun fact, they commanded a 47 billion dollar valuation without ever making a single dollar in profits!!
And this failure of we work is not just another case study but very important bsuiness lesson for the investors and entrepreneurs all around the world on How to build disastrous company!! So if you are an entreprenur or a student of business just like Apple serves as an inspiration on how to build a business, wework is a classic example how not to build a business.
Which is why this case study is very important for all us to study!!
So lets dive into and understand,
How did WeWork rise to become a 47 billion-dollar company with no profits at all?
And after becoming a so called Legend, how did it fail miserably?
And, lastly, as students of business what are the failure lessons that we need to learn from the fall of WeWork?
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✅Study Materials:
STUDY MATERIALS
hbr.org/2021/07/spacs-what-yo...
/ why-wework-failed
www.cnbc.com/2019/11/21/wewor...
www.forbes.com/sites/sergeikl...
www.wired.co.uk/article/we-wo...
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#wework #weworkbankruptcy
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Lo bhai KZbin baba happy 😂

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Congrats on 35 lakhs subscribers Wishes for long way to go🤝

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I saw you in the match

[@akshayshetty5548]

Hey Ganesh- please one disclaimer Wework India is managed by embassy group and is healthy and profitable

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In this era of patience less viewers who seek satisfaction in 30/60 seconds through short duration contents(shorts/reels). Your videos have the potential to pull people and make them watch the whole video with patience even it's 20+ minutes long. . . I have experienced it. Now i prefer long contents over shorts/reels because of you @ThinkSchool. I got love towards Business case studies because of you. Thank you for everything guys. Keep enlighting ✨.

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VERY TRUE !!! I never skip

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Takeaway:- 1.) Sustainable growth not rapid growth 2.) Ethical stakeholder 3.) Take care of small expenses (Tea/coffee) 4.) Don't Expense unnecessary, if company is not generating profits. Keep adding...😊

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Me also

[@pareek_editzz]

I still remember their hotwheels video (which is deleted now) They didn't even had 100k as I remember there post of 100k after my subscription Now they're having 3.5 million subs!!! It feels so good to see someone growing at such a good pace

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Same here… Corona days

[@progamer_om790]

@@ThinkSchool is there any way for me to help you I am in the United States but I would love to help your channel

[@pronoyghosh]

Wework India is actually doing very well and is generating growth and profits according to their CEO Kiran Virwani , "WeWork India’s Virwani said that despite the challenges brought by the pandemic, the Indian arm emerged profitable early last year. He said that it ended FY23 with a revenue of INR 1,400 Cr and INR 250 Cr in earnings." Can you make a part 2 of this video highlighting what wework india did right. Thanks a ton for your videos, they really help in understanding complex concepts in the simplest ways.

[@therationalhuman9874]

That sounds interesting!

[@kartikaybesoya]

Yeah, I’ve read about it that WeWork India is actually profit generating business, and steadily increasing despite their bankruptcy natively.

[@riscnx]

IDK about USA. But WeWork is the only (single one) company in entire India that gives decent coworking/shared office spaces, there is no alternative to it. So it's easy to make it profitable. Real estate prices in India are very fair, the prices are very much proportional to what real people can afford while keeping their affairs profitable. And unlike USA & post 2015 India, where you can not survive without loans or other forms of cash to burn.

[@riscnx]

@@notgoodtime A lot of big companies use WeWork too. For example the WeWork in Malviya Nagar, has NO coworking space, is only for offers large office space like entire floor or officer area for 50+people. Weather big, small or startup. After working in WeWork anyone would hate to work in traditional offices, and WeWork is not that expensive (their margins is probably very low), so it's always a better option than building/managing your own office.

[@RandomGuy..192]

@@riscnxLol their are so many coworking companies in India. In my city Surat there is no Wework but many other amazing coworking spaces.

[@ABHISHEKBUNTY8]

Just to add, India doesn't allow IPOs through SPAC, it is only allowed in USA.

[@vipashapmehta]

Wasn't aware - thanks for the insight!!

[@Petrolhead11]

I would never invest in SPAC no matter what the reputation is.

[@debanjanachakraborty7416]

That's really good...SPAC are such sly and creative way of circumventing regulations ...

[@arkakumar1834]

ohh, didn't knew about this. thanks for the insight man. Can you also let us know why SPAC is allowed in USA if it has negative consequences to it? I mean I want to understand their part of the story too.

[@stryker_xxi]

@@arkakumar1834 it benifits the powerfull ppl there like ceo of blackrock.

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This man deserves all the recognition he gets and so much more.Such crisp,clear and engaging explanation. Kudos to the video editor.Great visuals!

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Thank you so much

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Hoping a video on Sam Altman - OpenAI - Microsoft saga!

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there is one thing that thinkschool can try to compete with netflix, that is addition of direct interview with company management to your format, if its face to face its even better than videocall. thank you for inspiring greatness (I mean it.... you guys really do!)

[@amiyaranjan5604]

My office was in Wework suddenly it moved to Cowrks Now I knew the reason I never thought that this kind of business really exist.

[@rakeshb2820]

We Work India is healthy and profitable

[@akshayshetty5548]

Ya they are backed by embassy group

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I love this type of video from think school....thier business documentary video are fantastic.....Ganesh bhai explains so well.....that a 15 year old boy can understand it very well and fall in love with business studies......that 15 year old boy was me, when think school was started i was 15 year old.....❤❤❤...lots of love for think school team

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This was really Insightful. Sustainable growth should be over and above Rapid Expansion..TRUEEE! And Financial Discipline is the key to it! Thank you for sharing such a beautiful analysis :)

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Amazing learning in simple terms… hats off Learning School

[@mahanmohan]

This was a very good case study. Would ve appreciated more if the emphasis was on unit economics failure. As in, total sqm under management.l, revenue per sqm and cost per sqm, debt per sqm etc economics in reality for Wework and it's peers would ve improved the viewers understanding. SPAC was a new concept.

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Most important lesson was hiding in the bushes and it's as an entrepreneur you know where your company is headed enriching yourself before a catastrophe

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[@karan.experi]

Great explanation! What could have been really good would be to discuss other shared office stalwarts like Regus (now IWG) or “Business Centre” concepts which were always doing quite well, even before the “Co-working” term came into existence.

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[@datasciencepassions4522]

Great Insights!

[@vaibhavkarande5461]

Brother there is a small mistake, 75% of company will acquire for 112.5 million dollars at the valuation of 150 million dollars. By the way Great work bro . You guys are fabulous ❤

[@nitinmalhotra100]

He told 75% at the valuation of 200 million which is 150 million

[@rupeshandeverything]

really a detail insight and very good learning , im so happy we have a person like you taking so much detail in explaining things ! WTG

[@GeniusAjinkya]

Brilliant case study as always Ganesh, hats off. 1. Sustainable growth should always be prioritised over rapid expansion. 2. Never mess with supply and demand factor, otherwise it will mess you up. 3. An org can never survive when the roots are corrupted, in this case, Neumann. 4. Always be on the lookout for developments that are about to mess up your business model, in this case, covid lockdowns and rise of work from homes.

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[@manjularao4206]

Great Analysis Ganesh Bhai.God bless you. I specifically liked the point about ethical principles.

[@BadeRajasekhar]

❤ give us more business case studies.. Request : Give us business case study on HDFC & IDFC

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Thanks for those interesting piece of work. Leaned few new things

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I've been watching your channel since months, Your work have inspired me to start my Own Channel. Thank you 💟

[@avinashpoojary2970]

Financial Discipline is important. Good One

[@jeesimplified]

Well explained! Maza agaya bhai

[@rhutajoshi9288]

SPAC explained so well so easily!!

[@unmeshambre8817]

Indeed a very informative and indepth video.

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I AM LEARNING NEW THINGS FROM YOU. THANK A LOT THINK SCHOOL

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Really worth of watching

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Good video bro!!

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Amazing case study

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[@Yeeeeeehaw]

Great work

[@pratikpanchal7276]

Incredible lessons!

[@srimaestro]

Thank you! This is good!!

[@yatharthsinghal3211]

Just how easily you explained this concept of SPACs.

[@nishantjose6268]

Literally saw the view of this video going up.... only a legendary team can do this

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Good one man. The way you give examples is the best way to make you audience complex stuff. These type of techniques are even used by professors when they are over some heavy topics. Keep it up ! 🎉

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Awesome work man!! I’m watching and learning since the steve jobs video and since then I have watched every single video. Hope you’ll make a video on me and my company one day.

[@kartikaypassi9861]

Amazing analysis! Will just add another point, in this era of high valuations for Tech businesses, everybody wants to be a tech business. However, you cannot ignore your primary business. In my opinion, the biggest reason for downfall of Wework was that they considered themselves a tech firm till the very end but in reality they were a real estate firm. Founders need to understand that just by using technology in your operations you do not become a tech firm!

[@himathejgowda3169]

Learnt a lot

[@aadi_ki_kavita]

I would love a case study on theranos as you are such good teacher

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That's why sustainable growth is very important.

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I'm business analyst your video so much useful even the complex things explained in simple terms

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Satyam IT company Owner also did the same thing !! Nice content !

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I'm not a fan of Apple's products but I definitely love their *business* . The company and its processes are an inspiration for me.

[@VishalSingh-ks8ef]

have you used Macbooks or iPhones and pods for at least a few months?

[@vedantmungre1702]

@@VishalSingh-ks8ef I've used mac but not the iPhone. But yeah I've seen people using it. Anyway the comment was about Apple from a business point of view and not tech Review

[@RandomGuy..192]

@@VishalSingh-ks8efWell iPhones are useless and I only like their Macs and iPad. I own all the 3 but my primary phone is android because of call recording and other more important features.