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3 Reasons Why Flow — Adam Neumann’s New Venture — Will Fail Miserably
Welcome to WeWork 2.0
Marc Andreessen of venture capital royalty wants everyone to know that he found the solution to America’s housing crisis. Adam Neumann. That’s right, the same Adam Neumann who overpromised and underdelivered with WeWork, plummeting its valuation from a high of $47 billion to around $7 billion (after it was rescued by SoftBank). The same Adam Neumann who was investigated for self dealing and enjoyed frat boy excesses, completely indifferent to his investors’ and shareholders’ best interests.
But Marc Andreessen says it’s different this time. In announcing his firm’s partnership with Neumann and his startup, Flow, Andreessen said:
We understand how difficult it is to build something like this and we love seeing repeat-founders build on past successes by growing from lessons learned. For Adam, the successes and lessons are plenty and we are excited to go on this journey with him and his colleagues building the future of living.
What exactly are they building?
