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Miguel McKelvey | Hustle Con 2017

From My First Million · Published Jul 6, 2018 · Watch on YouTube

TL;DR

Miguel McKelvey, co-founder of WeWork, shares five lessons from his entrepreneurial journey: embrace co-founder differences with a commitment to agreement, break organizational silos by involving the whole team in key tasks, prioritize partnership value over valuation in investor negotiations, build a healthy culture from day one to sustain employee well-being, and treat your company as a lifelong

Key insights

  • McKelvey and co-founder Adam are extremely opposite personalities (chill Oregon vs. brash Israeli), which created discomfort but also attraction because each could do what the other could not.
  • They agreed early that they would always come to a decision where both were comfortable, never leaving a room without an agreement. This forced each to think through the other's perspective in advance
  • Early tension between product quality and speed (e.g., opening buildings on time) was resolved by involving the entire team—finance, legal, etc.—in hands-on tasks like painting walls and making coffee

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