Andreessen Horowitz

"Mr. Neumann is starting a new company called , focused on the residential real estate market, . Notably, it has the financial support of Andreessen Horowitz, the prominent Silicon Valley venture capital firm that was an early investor in everything from Facebook to Airbnb.

Andreessen Horowitz is considered royalty among early-stage investors, so its backing is a powerful sign of support, and perhaps a rebuke to Mr. Neumann’s critics, who have described his leadership of WeWork as a cautionary tale of corporate hubris.

The firm’s investment in Flow is about $350 million, according to three people briefed on the deal, valuing the company at more than $1 billion before it even opens its doors. The investment is the largest individual check Andreessen Horowitz has ever written in a round of funding to a company.

Flow is expected to launch in 2023, and the venture capital giant’s co-founder Marc Andreessen will join its board, these people said. Mr. Neumann is planning to make a sizable personal investment in the firm in the form of cash and real estate assets."

I just spent some time doing a deep dive into Adam Neumann's new startup Flow, and came out deeply underwhelmed. There is literally nothing meaningful that differentiates Flow from any high-end apartment buildings that offer a full suite of amenities. And the cost is about the same as well (at least Flow's Ft. Lauderdale property).

Say what you will about WeWork, but it did transform the co-working experience from the get go. I remember going to the very first location in NYC and thinking that it was a game changer (compared to old school Regus, etc.).

But with Flow....WTF could AH possibly be seeing here that made them invest $350M?? I have seen investments in startups by VCs which I do not agree with, but at least there is some disrupting factor, or a concrete long term vision, or something that one can say is the reason for investing. But here, there is literally nothing. Just another luxury apartments company.

"The era of Artificial Intelligence is here, and boy are people freaking out. Fortunately, I am here to bring the good news: AI will not destroy the world, and in fact, it may save it...[]"

"Mr. Neumann is starting a new company called , focused on the residential real estate market, . Notably, it has the financial support of Andreessen Horowitz, the prominent Silicon Valley venture capital firm that was an early investor in everything from Facebook to Airbnb.

Andreessen Horowitz is considered royalty among early-stage investors, so its backing is a powerful sign of support, and perhaps a rebuke to Mr. Neumann’s critics, who have described his leadership of WeWork as a cautionary tale of corporate hubris.

The firm’s investment in Flow is about $350 million, according to three people briefed on the deal, valuing the company at more than $1 billion before it even opens its doors. The investment is the largest individual check Andreessen Horowitz has ever written in a round of funding to a company.

Flow is expected to launch in 2023, and the venture capital giant’s co-founder Marc Andreessen will join its board, these people said. Mr. Neumann is planning to make a sizable personal investment in the firm in the form of cash and real estate assets."

It has been over 3 years after Facebook's announcement of the plans to launch their own stablecoin project Libra which has gathered more that a billion USD from various well known companies and institutions as well. So, for now the project is almost abandoned and dead as per bloomberg. "Meta" recently announced that they are planning to sell the project.

Obviously, this is a clear example why you should avoid VC funded centralized projects with CEO, CFOs. All those schemes are vulnerable to regulatory annihilation or chief executive rug pull.
This is why El Salvador is bitcoin only!