{"id":12354,"date":"2022-08-15T15:18:09","date_gmt":"2022-08-15T15:18:09","guid":{"rendered":"https:\/\/scienceandnerds.com\/2022\/08\/15\/wework-co-founder-lines-up-350-million-a16z-investment-for-a-new-billion-dollar-real-estate-venture\/"},"modified":"2022-08-15T15:18:10","modified_gmt":"2022-08-15T15:18:10","slug":"wework-co-founder-lines-up-350-million-a16z-investment-for-a-new-billion-dollar-real-estate-venture","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2022\/08\/15\/wework-co-founder-lines-up-350-million-a16z-investment-for-a-new-billion-dollar-real-estate-venture\/","title":{"rendered":"WeWork co-founder lines up $350 million A16Z investment for a new billion-dollar real estate venture"},"content":{"rendered":"<p>Source: <a href=\"https:\/\/www.theverge.com\/2022\/8\/15\/23306197\/wework-adam-neumann-andreesen-horowitz-flow-real-estate\">https:\/\/www.theverge.com\/2022\/8\/15\/23306197\/wework-adam-neumann-andreesen-horowitz-flow-real-estate<\/a><br \/>\n<code><br \/><\/br><\/code><\/p>\n<div readability=\"57.204295704296\">\n<p id=\"rXNpDb\">Adam Neumann, the co-founder and former CEO of the shared office startup WeWork, is working on a new rental real estate business that has received funding from Andreessen Horowitz. According to <a href=\"https:\/\/www.nytimes.com\/2022\/08\/15\/business\/dealbook\/adam-neumann-flow-new-company-wework-real-estate.html\">a report from <em>The New York Times<\/em><\/a>, the venture capital firm invested around $350 million in Neumann\u2019s up-and-coming real estate business, <a href=\"https:\/\/www.flow.life\/\">called Flow<\/a>, which aims to provide a consistent housing experience across a chain of branded apartment complexes.<\/p>\n<p id=\"aLZInI\">If you\u2019re at all familiar with the story of WeWork, you might be having a bit of d\u00e9j\u00e0 vu. The company, which provides flexible office spaces for workers, was once valued at $50 billion. But <a href=\"https:\/\/www.theverge.com\/22585805\/adam-neumann-cult-of-we-wework-book-vc\">after a failed IPO<\/a> (initial public offering) and the <a href=\"https:\/\/www.theverge.com\/2019\/11\/21\/20975831\/wework-layoffs-ipo-adam-neumann-softbank\">layoffs of thousands of its workers<\/a>, WeWork became <a href=\"https:\/\/www.theverge.com\/2019\/8\/15\/20806366\/we-company-wework-ipo-adam-neumann\">more well known for corporate drama rather than its actual business<\/a>. When <a href=\"https:\/\/www.theverge.com\/2019\/9\/24\/20882034\/wework-ceo-adam-neumann-stepping-down-chairman\">Neumann stepped down as CEO in 2019<\/a>, he made out with <a href=\"https:\/\/www.vox.com\/recode\/2019\/10\/28\/20932657\/wework-blind-survey-layoffs-exit-package-adam-neumann-softbank\">a $1.7 billion exit package<\/a>.<\/p>\n<p id=\"GzeQO5\">As noted by the <em>Times<\/em>, this investment marks the \u201clargest individual check Andreessen Horowitz has ever written in a round of funding to a company.\u201d It puts Flow\u2019s valuation at over $1 billion \u2014 despite critics \u201cwho have described his leadership of WeWork as a cautionary tale of corporate hubris\u201d \u2014 and it hasn\u2019t even launched yet. <\/p>\n<aside id=\"dD7mQs\">\n<\/aside>\n<p id=\"4hRwNS\">Neumann has already bought 3,000 apartment units in Miami, Fort Lauderdale, Atlanta, and Nashville to build out his Flow-branded apartments, which aren\u2019t set to debut until 2023.<\/p>\n<p id=\"yenH3L\">\u201cWe think it is natural that for his first venture since WeWork, Adam [Neumann] returns to the theme of connecting people through transforming their physical spaces and building communities where people spend the most time: their homes,\u201d Andreessen Horowitz co-founder Marc Andreessen <a href=\"https:\/\/a16z.com\/2022\/08\/15\/investing-in-flow\/\">explains in a blog post<\/a>. \u201cResidential real estate \u2014 the world\u2019s largest asset class \u2014 is ready for exactly this change.\u201d<\/p>\n<\/div>\n<p><code><br \/><\/br><\/code><\/p>\n<p>Source: <a href=\"https:\/\/www.theverge.com\/2022\/8\/15\/23306197\/wework-adam-neumann-andreesen-horowitz-flow-real-estate\">https:\/\/www.theverge.com\/2022\/8\/15\/23306197\/wework-adam-neumann-andreesen-horowitz-flow-real-estate<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: Adam Neumann, the co-founder and former CEO of the shared office startup WeWork, is working on a new rental real estate business that has received funding from Andreessen Horowitz. According to a report from The New York Times, the venture capital firm invested around $350 million in Neumann\u2019s up-and-coming real estate business, called Flow, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12355,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"pagelayer_contact_templates":[],"_pagelayer_content":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[49,8],"tags":[50],"class_list":["post-12354","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-technology","tag-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>WeWork co-founder lines up $350 million A16Z investment for a new billion-dollar real estate venture - Science and Nerds<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/scienceandnerds.com\/2022\/08\/15\/wework-co-founder-lines-up-350-million-a16z-investment-for-a-new-billion-dollar-real-estate-venture\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"WeWork co-founder lines up $350 million A16Z investment for a new billion-dollar real estate venture - Science and Nerds\" \/>\n<meta property=\"og:description\" content=\"Source: Adam Neumann, the co-founder and former CEO of the shared office startup WeWork, is working on a new rental real estate business that has received funding from Andreessen Horowitz. According to a report from The New York Times, the venture capital firm invested around $350 million in Neumann\u2019s up-and-coming real estate business, called Flow, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/scienceandnerds.com\/2022\/08\/15\/wework-co-founder-lines-up-350-million-a16z-investment-for-a-new-billion-dollar-real-estate-venture\/\" \/>\n<meta property=\"og:site_name\" content=\"Science and Nerds\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-15T15:18:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-08-15T15:18:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/scienceandnerds.com\/wp-content\/uploads\/2022\/08\/wework-co-founder-lines-up-350-million-a16z-investment-for-a-new-billion-dollar-real-estate-venture_62fa63b1bb4f7.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/scienceandnerds.com\/2022\/08\/15\/wework-co-founder-lines-up-350-million-a16z-investment-for-a-new-billion-dollar-real-estate-venture\/\",\"url\":\"https:\/\/scienceandnerds.com\/2022\/08\/15\/wework-co-founder-lines-up-350-million-a16z-investment-for-a-new-billion-dollar-real-estate-venture\/\",\"name\":\"WeWork co-founder lines up $350 million A16Z investment for a new billion-dollar real estate venture - 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