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Adam Neumann raises $350M from a16z for his new startup Flow, Bay Area housing hypocrisy | E1535
This Week in Startups
The New York Times - Is This a New Venture?
It's not flo carbon, the company that he had been starting. This is a whole new, unlaunched real estate venture. The 300 ad 50 million dollar check that a 16 z wrote is the largest single check this firm has ever written into a start-up. He plans to make a sizable personal investment in flow in the form of cash and real estate assets. And the idea, i think, is that floe will operate the properties newman has bought and also offer its services to new developments and other third partye.
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