Aug 17 2023 28 mins 39
The Wing, a pioneering and exclusive women's co-working space, shattered glass ceilings and secured over $100 million from investors, including WeWork and Airbnb, venture capitalists, and celebrity investors such as Megan Rapinoe, star of the US National Women's Soccer Team, and comedian, writer, and actress Mindy Kaling. At its peak, The Wing held a valuation of approximately $365 million, maintained 11 locations across NY, LA, Boston, and Chicago, and catered to 12,000 members with a waitlist of 9,000. But as The Wing was enjoying its ascent into stardom, its employees would soon threaten to clip the Company’s soaring wings.
Tune in to Episode 61 of The Great Fail to hear the story. Special thanks to Adweek’s Olivia Morley for her contributions to this segment and shout out to Adweek and Acast for their support.
Sources:
Why woke women’s co-working space the Wing failed: ‘A gossipy, very toxic environment’
After an astonishing rise and fall, the Wing finally folds
Perspective: The real reason the all-women workspace failed
To the extent that it’s remembered, it will be as an artifact of the Trump era.
The Wing CEO Audrey Gelman resigns amid employee ‘digital walkout’
Inside The Wing: How Cofounders Raised $2.4M To Open All-Women Social And Coworking Club
The Wing's Chic New SoHo Space Will Make You Want to Join ASAP
Audrey Gelman Is Stepping Down As CEO of The Wing
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