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.
Molly is back for a HUGE news days! Adam Neumann has raised $350M from a16z for his new startup Flow (2:14), and his main investor, Marc Andreessen, got into some hot water over housing policy hypocrisy! (22:05)
(0:00) Molly is back! J+M intro today's topics!
(2:14) Jason and Molly catch up Molly's vacation and the craziness of the past week
(12:36) LinkedIn Jobs - Post your first job for free at https://linkedin.com/twist
(13:56) Adam Neumann's new residential real estate company Flow has raised $350M from a16z at a valuation over $1B!
(20:34) TripActions - Go to https://tripactions.com/twist and get a $500 Amazon gift card after making your first travel booking OR paying off your first $1000 of liquid spend
(22:05) Marc Andreessen's blog explaining a16z's Flow investment, Jason and Molly go deep on potential business plans for Flow and why a16z made this bet
(34:37) Odoo - Get your first app free and a $1000 credit at https://odoo.com/twist
(35:56) Marc Andreessen's housing hypocrisy
(53:35) Jason reads slides from the leaked Flow deck *JOKE*, another a16z portfolio founder in a similar market as Flow chimed in on Twitter