Adam Neumann, the founder of WeWork, launched Flow, a real estate marketplace that will debut in 2023, according to The New York Times.
Andreessen Horowitz, which was an early supporter of companies like Airbnb, Facebook, Pinterest, and Github, among others, is investing US $350 million in the new company. Marc Andreessen will join the board of Flow as a result of this fundraising, which was done at a valuation of US $1 billion.
Neumann invested in this project by buying 3,000 apartments in Fort Lauderdale, Atlanta, Miami, and Nashville. According to reports, Flow would provide branded rental homes with standard community amenities and services.
WeWork, a coworking company founded by Neumann, was once valued at US $47 billion. The CEO resigned, nevertheless, because SoftBank, an investor, thought he was unqualified to be CEO. Prior to the firm’s IPO, management issues also reduced its worth by US $37 billion. WeWork is presently worth $4 billion in the US.
