Adam Neumann is making a comeback in the real estate market with a fresh project and a powerful sponsor.
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The multifamily market venture Flow will debut next year thanks to the founder of WeWork. According to
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the New York Times, the company has the support of well-known venture capital firm Andreessen Horowitz,
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which has invested around $350 million in it. The corporation has never made a larger investment for a
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capital round than it did with Marc Andreessen's company. Flow has a worth of more than $1 billion despite not
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having a debut date yet. When the venture launches, Andreessen will join the board of directors. The investor
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complained about low inventory in a blog post outlining the choice to invest and expressed a desire to upend the
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rental real estate industry. The disclosure follows a report in The Atlantic that Andreessen contacted local
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authorities to voice his opposition to a planned multifamily project in Atherton, a Bay Area neighbourhood
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that includes the most expensive zip code in the nation. The Times noted a number of significant venture capital
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and tech firms opposed to the proposal, which would help the region comply with state housing standards.
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