WeWork’s Adam Neumann wins funding for new billion-dollar startup

WeWork’s Adam Neumann wins funding for new billion-dollar startup

2 years ago
Anonymous $Dcz6_RW03I

https://www.siliconvalley.com/2022/08/16/weworks-adam-neumann-wins-funding-for-new-billion-dollar-startup/

(CNN) — Nearly three years after Adam Neumann stepped down as CEO of WeWork following a failed attempt to take the company public, he is said to once again be in charge of a billion-dollar real estate startup.

Andreessen Horowitz, the Menlo Park-based venture capital firm known for its early investments in Twitter and Airbnb, has pumped about $350 million into Neumann’s newest venture, called Flow, according to The New York Times, citing unnamed sources briefed on the deal. The investment valued the startup at more than $1 billion, according to the report.