The $5 billion question: Will WeWork survive the next downturn?

 

In November, news broke that the shared-office provider WeWork raised $150 million in February from a number of high-profile investors, including Boston Properties’ Mort Zuckerman. The deal valued WeWork at $1.5 billion and catapulted it into the limelight. It was suddenly a “unicorn,” Silicon Valley-speak for a company that races to a $1 billion-plus valuation based on fundraising.

Over the next few weeks, there was little news from the startup, save for a couple of conference talks by co-founders Adam Neumann and Miguel McKelvey and a new lease signing at the Durst Organization’s 205 East 42nd Street. Then, on Dec. 15, the firm made another announcement:  It had just raised an additional $355 million, valuing the company at a staggering $5 billion.

 

Read the complete article at The Real Deal.