WeWork CEO sees $1 billion revenue run-rate in 2017

The chief executive of WeWork said on Monday that the co-working office space provider would hit a revenue run-rate of $1 billion next year. WeWork, one of the biggest ‘unicorns’ – startups worth more than $1 billion – recently raised more than $400 million at a valuation that sources pegged at more than $15 billion. The company provides office space for startups and others, stressing the community-oriented character of its facilities.┬áThe company’s valuation far exceeds that of publicly traded companies such as Regus Plc that also rent shared offices.

Read more: Economic Times