Adam Neumann, CEO of WePaintings.
Eduardo Munoz | Reuters
Venture capital company Andreessen Horowitz
Neumann is the founder and previous CEO of the coworking area corporate WePaintings, however he
Andreessen Horowitz mentioned in a weblog put up that Neumann’s efforts to revamp the place of business enjoy at WePaintings are “steadily beneath preferred” and that the company loves “seeing repeat-founders construct on previous successes via rising from courses discovered.”
Flow’s web site does not be offering many main points at the corporate however says it is anticipated to release in 2023. According to
Andreesen Horowitz means that Flow might allow a brand new manner for other people to buy their dwelling area, even though it is unclear if that is via a rent-to-own fashion. “In a global the place restricted get admission to to house possession is still a motive force in the back of inequality and nervousness, giving renters a way of safety, neighborhood, and authentic possession has transformative energy for our society,” Andreessen Horowitz co-founder and normal spouse Marc Andreessen wrote in a weblog put up.
“We assume it’s herbal that for his first undertaking since WePaintings, Adam returns to the theme of connecting other people via reworking their bodily areas and development communities the place other people spend essentially the most time: their houses.”
“We are delighted via the scope and aspiration of this venture,” Andreessen mentioned. “It isn’t missing in imaginative and prescient or ambition, however best initiatives with such lofty objectives have a possibility at converting the sector.”
Source Link: https://www.cnbc.com/2022/08/15/a16z-to-invest-in-adam-neumanns-new-residential-real-estate-company.html