The WeWork founder left the company after the postponed IPO and has since held back with public appearances.
(Photo: Getty Images)
new York Venture capitalist Andreessen Horowitz is giving WeWork founder Adam Neumann a second chance. The well-known Silicon Valley financier is investing around $350 million in Neumann’s latest start-up called Flow.
It is the largest single investment that Andreessen Horowitz has ever made. And that, although Flow is still in the so-called “stealth mode”, i.e. still at the very beginning.
Only this much is known about the business model: It is again about real estate. This time, however, about apartments. In recent years, Neumann has bought around 3,000 residential units in Miami, Fort Lauterdale, Atlanta and Nashville for his start-up to manage.
Similar to WeWork, the 43-year-old wants to prioritize a sense of community. After all, more and more Americans are no longer working in the office or in a co-working space, but at home and are increasingly looking to connect with their neighbours.
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