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a16z says ‘WeBack’ to WeWork’s Neumann with its biggest check ever


Andreessen Horowitz (a16z) seems determined to keep the capital flowing to controversial WeWork founder Adam Neumann. The storied venture firm wrote its largest individual check ever, at $350 million, to Flow, Neumann’s new residential real estate company focused on rentals, the New York Times reported today.
The funding round values Flow at over $1 billion, making it a unicorn before it even commences operations, which it plans to do in 2023, according to the Times. The startup is set to operate over 3,000 apartment units Neumann has purchased in Miami, Fort Lauderdale, Atlanta and Nashville as part of its vision to bring community-oriented features to the rental market, the Times added.
In a blog post on a16z’s website today, Marc Andreessen described Neumann as a “visionary leade …

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