transcript · 8,426 words

Advice Line with Miguel McKelvey of WeWork

Transcribed with NVIDIA Parakeet · Timestamps stay in sync with the live audio

Hello and welcome to the advice line on how I built this lab. I'm Guy Raz. This is the place where we help try to solve your business challenges. Each week, I'm joined by a legendary founder, a former guest on the show. who will help me try to help you. And if you're building something and you need advice, give us a call and you just might be the next guest on the show. Our number is 1-800-433-1298. Leave us a one minute message that tells your business and the issues or questions that you'd like help with. All right, let's get to it. Joining me this week is WeWork co-founder Miguel McKelvey. Miguel, welcome back to the show. Thank you.

Happy to be here. It's great to have you back on. You've been on the show twice, first in twenty seventeen, and then again in twenty twenty-two. Uh, for anyone who hasn't listened to either of those shows, uh I we're really encouraged you go back and listen and we'll put a link to it. in the show notes, um b basically the stories about how Miguel came to entrepreneurship. uh with a background in architecture In two thousand seven, uh, he met a guy named Adam Newman. They'd shared an office space in Brooklyn, and then from there

So much more detailed story. We Work was born uh by twenty nineteen The valuation reached forty seven billion dollars. Now a lot of people listening know what Adam Newman faced some accusations of mismanagement. Uh he was forced to resign. The company withdrew a long anticipated IPO filing and then Miguel left in twenty twenty.

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