---
title: WeWork's Collapse And The Future of Venture Capitalism
description: Not too long ago, WeWork was considered one of the most promising new startups in America. Now, after the company’s valuation plummeted from $47 billion to under $10 billion, a canceled IPO, planned layoffs of nearly a quarter of its staff, and the ouster of CEO Adam Neumann, it’s a cautionary tale. The Economist argues that in their haste to find the next big thing, venture capitalists have handed a lot of responsibility – and money – to self-styled “entrepreneurs.” More often than not, it has come back to bite them.
image: https://www.barryinvestmentadvisors.com/hubfs/WeWorks-Collapse-And-The-Future-of-Venture-Capitalism.jpg
---

October 10, 2019

# WeWork's Collapse And The Future of Venture Capitalism

Not too long ago, WeWork was considered one of the most promising new startups in America. Now,...

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Posted by [Barry Investment Advisors](https://www.barryinvestmentadvisors.com/blog/author/barry-investment-advisors)

![WeWorks-Collapse-And-The-Future-of-Venture-Capitalism](https://www.barryinvestmentadvisors.com/hubfs/WeWorks-Collapse-And-The-Future-of-Venture-Capitalism.jpg)

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Not too long ago, WeWork was considered one of the most promising new startups in America. Now, after the company’s valuation plummeted from $47 billion to under $10 billion, a canceled IPO, planned layoffs of nearly a quarter of its staff, and the ouster of CEO Adam Neumann, it’s a cautionary tale. The Economist argues that in their haste to find the next big thing, venture capitalists have handed a lot of responsibility – and money – to self-styled “entrepreneurs.” More often than not, it has come back to bite them.

                                                          [![Click Here to Read](https://no-cache.hubspot.com/cta/default/424177/b1cb38d4-bc19-44df-becf-4c830f416d66.png)](https://cta-redirect.hubspot.com/cta/redirect/424177/b1cb38d4-bc19-44df-becf-4c830f416d66)

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