_:n5f6e2f8322a94f00941a17a98eba02b0xb0
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"<span data-contrast=\"none\">Adam Neumann has secured backing for his </span><a href=\"https://www.nytimes.com/2022/08/15/business/dealbook/adam-neumann-flow-new-company-wework-real-estate.html\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\">new real estate venture</span></a><span data-contrast=\"none\">.</span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\"> </span>\r\n\r\n<span data-contrast=\"none\">The founder and former CEO of coworking operator WeWork has received financial backing from venture capital firm Andreessen Horowitz for his new company Flow.</span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\"> </span>\r\n\r\n<span data-contrast=\"none\">Despite Neumann’s extremely public fall from grace following his leadership at WeWork, Andreessen Horowitz will invest $350 million into Flow, which would value the company at over $1 billion — before its official launch slated for 2023.</span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\"> </span>\r\n\r\n<span data-contrast=\"none\">As a result of the investment, Marc Andreessen will join Flow’s board.</span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\"> </span>\r\n\r\n<span data-contrast=\"none\">Over the last several months, Neumann has purchased thousands of apartment units in the south, including in Atlanta, Miami and Nashville. While the exact business model for the company is not clear, it appears that Flow will offer managed living facilities that incorporate community-focused amenities and other third-party services.</span><span data-contrast=\"none\"> </span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\"> </span>\r\n\r\n<span data-contrast=\"none\">It could be said that Flow seems to mimic some of WeWork’s former hopes and dreams of creating a one-of-a-kind, all-inclusive community, but until the company actually launches, Neumann’s new real estate endeavors will likely remain a mystery.</span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\"> </span><span data-contrast=\"none\"> </span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\"> </span>\r\n\r\n<span data-contrast=\"none\">Andreessen added that due to the shift to working from home, creating community for remote workers has become increasingly important.</span><span data-contrast=\"none\"> </span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\"> </span>\r\n<blockquote><span data-contrast=\"none\">“It’s often underappreciated that only one person has fundamentally redesigned the office experience and led a paradigm-changing global company in the process: Adam,” Andreessen wrote on the company’s blog.</span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\"> </span></blockquote>"
<https://allwork.space/2022/08/adam-neumanns-new-real-estate-venture-locks-in-financial-backing-that-values-the-company-at-1-billion/>