The latest news from Flow, Adam Neumann’s new residential real estate company, has made waves in Silicon Valley. It was reported that Neumann, 43, is in charge of Flow, a billion-dollar real estate startup, nearly three years after stepping down as CEO of WeWork due to allegations of mismanagement, toxic work culture, and the company’s failed IPO.
Flow is a real estate startup that aims to disrupt the residential housing market. Andreessen Horowitz cofounder of Andreessen Horowitz has invested $350 million in the startup. The investment valued the startup at more than $1 billion even before its launch. According to the Times, Neumann has purchased over 3,000 apartment units for Flow in Atlanta, Fort Lauderdale, Miami, and Nashville. It appears that the startup will provide remote workers with community living options. Flow already has a website with no explanation other than that it will launch in 2023.