What is Flow?
Adam Neumann, the founder of WeWork, has launched a new real estate startup called Flow. The startup is focused on transforming the rental housing market in the US by addressing a wide variety of issues, including housing affordability and sustainability. Flow has been valued at over $1 billion and has raised $350 million in funding, with backing from Andreessen Horowitz. A16z's check size will be the largest issued by the firm to date.
Flow is interested in Saudi Arabia
a16z founders + adam neumann fawned over saudi arabia this morning. they said the country "feels like" a startup. Adam added, “It’s leaders like his royal highness that are actually going to lead us where we want to go.”https://t.co/e9FKxtEe9s
— Priya Anand (@Priyasideas) March 31, 2023
Adam Neumann’s new real estate startup, Flow, is exploring the possibility of launching in Saudi Arabia. Neumann revealed his interest in the oil-rich kingdom during an interview at a Miami Beach conference where he conversed with Marc Andreessen and Ben Horowitz about their investment in his new venture. Horowitz praised Saudi Arabia as a “startup country” and expressed his excitement to bring Flow there. Neumann’s
Flow aims to provide community-centric housing, and he believes that the kingdom almost feels like a startup.
Flow is already building
Neumann purchased more than 3,000 apartment units in Atlanta, Fort Lauderdale, Miami, and Nashville, according to the Times, and will offer Flow’s branded rental-housing experience and services to outside developers.
A16z is confident about Neumann's new venture and believes that he can "build on past successes by growing from lessons learned
Flow is hiring
https://jobs.lever.co/flowlife
Flow is looking for partnerships
Final thoughts
Adam Neumann's new real estate venture, Flow, is exploring the possibility of expanding to Saudi Arabia, with the support of his investors Marc Andreessen and Ben Horowitz.
However, the controversy surrounding the kingdom's reputation and investors' focus on the next liquidity event raise some concerns. Neumann's success as a storyteller and entrepreneur has made him a legend among those who are excited by his vision, but the impact of this disruption remains to be seen. As with any major change, it could help more than it hurts, or it could be the opposite. Let us hope for the former, but remain cautious in our expectations.
How do you feel about the new startup Flow? Sign up for our newsletter and leave a comment below. 👇
