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what happened to founder of wework ?

### Where Are the WeWork Founders Now?

From its meteoric rise to its dramatic fall, WeWork has been one of the most talked-about startups of the decade. Founded in 2010 by Adam Neumann and Miguel McKelvey, the co-working space company captured the imagination of investors and entrepreneurs alike. However, internal issues and financial mismanagement led to a tumultuous downfall. So, where are the founders of WeWork, Adam Neumann and Miguel McKelvey, now?

### Adam Neumann: A Transformative Journey

Adam Neumann, the co-founder and former CEO of WeWork, has had a rollercoaster journey. His leadership style, which included extravagant spending and erratic behavior, raised eyebrows among investors. Despite his innovative genius, Neumann’s business practices led to a steep drop in the company’s valuation and a crisis in investor confidence.

In late 2019, Neumann stepped down as CEO. The company’s initial public offering (IPO), planned for 2019, was scrapped due to financial instability and ethical concerns. Neumann went on to sue SoftBank for missing out on potential gains from the IPO, but he eventually settled for a reduced sum, reportedly $480 million.

Post-WeWork, Neumann has kept a relatively low profile. However, he has hinted at returning to the startup game through his new ventures, including a family office and a real estate company. Neumann’s return to the startup scene has been met with a mix of excitement and skepticism, as many wonder if he has learned from his past mistakes.

### Miguel McKelvey: From Culture Officer to Community Activist

Miguel McKelvey, Neumann’s co-founder and Chief Culture Officer, stayed with WeWork for a few more months after Neumann’s ousting. He finally left the company in July 2020 after more than a decade of service. McKelvey has since dabbled in various ventures, including a financial platform called Known, which aims to empower communities of color.

McKelvey’s move to Known reflects a shift in his career trajectory from the high-stakes world of startups to a more community-centric focus. This transition seems to align with his desire to have a more meaningful impact on society beyond the corporate offices of WeWork.

### WeWork’s Present and Future

Despite the turmoil surrounding its founders, WeWork has managed to stay afloat. Sebastian Gunningham and Artie Minson took over after Neumann’s departure and are working to restore the company’s financial stability. The company is considering slowing its growth and focusing on its core business of renting office space, aiming to regain investor confidence through employee cuts and the dissolution of side businesses.

### Conclusion

The rise and fall of WeWork serve as a cautionary tale in the world of startups. The company’s story, including the fates of its founders Adam Neumann and Miguel McKelvey, offers valuable lessons about leadership, financial sustainability, and the importance of maintaining trust and accountability. While Neumann and McKelvey have chosen different paths post- WeWork, their legacies continue to shape the landscape of co-working spaces and the broader startup ecosystem.