Английская Википедия:Flow (real estate company)

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Шаблон:Short description Шаблон:Use mdy dates Шаблон:Infobox company Flow is an American residential real-estate company. It was founded in 2022 by the former CEO of WeWork Adam Neumann and funded by the venture capital firm Andreessen Horowitz.[1][2][3] The company hopes to address some aspects of the United States housing shortage through technology, providing equity for renters, and a new type of social interaction.[4] The startup is initially planning to operate 3,000 apartment units, purchased by Neumann, in Nashville, Tennessee; Atlanta, Georgia; and Miami and Fort Lauderdale in Florida.[5]

The company was scheduled to launch in 2023,[6] while the business plan has not yet been made public as of 2024.[7] According to The New York Times, Flow plans to offer concierge services to renters and management services for Neumann's properties and third-party landlords.[5][2]

Funding

In mid-August 2022 Flow received a $350 million initial investment from Andreessen Horowitz, valuing the company at over $1 billion and making it a unicorn months before commencing operations.[6] According to The Wall Street Journal, the investment granted Andreessen Horowitz a stake in Flow's real estate portfolio.[8]

Criticism

The decision to invest by Andreessen Horowitz was once criticized due to Neumann's previous business issues during his time at WeWork.[9][10] The New York Times article on the return of the Silicon Valley 'Bro' culture outlined how the Flow deal caused concern among some people of color and women. Claims are made that Neumann and Flow getting a second chance while these groups are underrepresented suggests that while these groups never receive their proper, first chance for venture capital.[11]

References

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