Investor Presentation

Our evolution Focus Pre-2017 Focus on core wework 2017-Q3'19 Non-core, early-stage ventures (we Going Forward Focus on core wework Product Small & mid-sized businesses Small & mid-sized businesses and Enterprise Member experience Partially focused Distracted Strategy Disciplined focus on profitable market share expansion Grow business commitments prior to funding commitments Leadership Founder-led Founder-led Business model Centralized Decentralized Enterprise Focused Disciplined focus on profitable market share expansion Proven executives in membership- focused, subscription-based businesses Centralized 6

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