This Week in Startups Adam Neumann raises $350M from a16z for his new startup Flow, Bay Area housing hypocrisy | E1535
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Aug 16, 2022 Adam Neumann is back in the spotlight, securing a whopping $350M from a16z for his new venture, Flow, which aims to disrupt residential real estate. The conversation delves into Marc Andreessen's controversial housing policies, raising eyebrows over his investment choices. Insights emerge on communal living concepts and innovative housing solutions amid ongoing industry skepticism. The hosts balance their excitement with caution, reflecting on Neumann's past while exploring the implications of his ambitious vision for modern urban living.
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Neumann's Comeback
- Adam Neumann raised $350M from a16z for his new real estate startup, Flow, at a $1B+ valuation.
- This is a16z's largest single check, highlighting their confidence in Neumann despite past WeWork controversies.
Communal Living Focus
- Adam Neumann's Flow is likely focused on communal living, similar to his previous WeLive concept.
- This resonates with Neumann's kibbutz upbringing and addresses the growing interest in co-living spaces.
Audacity Over Mistakes
- Audacious founders can overcome past mistakes, as Neumann's funding demonstrates.
- Credible audacity trumps prior misbehavior in the startup world, suggesting investors value ambition.