WeWork CEO Adam Neumann sat down with Business Insider’s Alyson Shontell and Rich Feloni to discuss his business, his outlook on success, and how he keeps his ego in check as a young billionaire.
When WeWork hit a $5 billion valuation, Neumann found himself looking down on others.
After stepping away from his phone during Shabbat, and with the help of his wife Rebekah, Neumann was better able to curb his ego and focus on WeWork’s greater mission.
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When WeWork reached a $5 billion valuation, CEO and cofounder Adam Neumann confronted one of his greatest challenges: his ego.
It’s something he has battled and still battles today, as the hype around him and his company balloons.
Neumann built coworking company WeWork, now a $47 billion unicorn that filed to go public in December.
He wasn’t always a successful entrepreneur. He had at least two failed ventures and spent his early years admittedly partying too hard with his supermodel sister in a shoebox apartment.
When he met his now wife and cofounder, Rebekah Paltrow — cousin to Gwyneth Paltrow — she immediately called him out.
“You have a lot of potential, but you’re full of shit,” Paltrow told him. “You talk this big talk, and you’re broke…I can tell. Anybody who talks about money doesn’t have any.”
Paltrow challenged him to change his perspective on what it means to be successful from one of self interest to one of helping others.
Neumann proposed within 30 days of that first date.
In 2011, he cofounded WeWork and the company’s rapid rise has turned him into a billionaire. But even with Paltrow’s help, at times, it has gone to his head.
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Source:: Business Insider