A WeWork guy is starting a company that will use software to manage real estate. It will involve a coin, but it will not be able to pay rent on the platform.
I'm confused yet. It's us as well.
Adam Neumann, the former WeWork CEO, has a new venture called Flow. $350 million in venture capital has been raised by it, which it says will be used to solve the housing crisis. Forbes got a bit more clarity when it reported that the company will allow people to store currency.
While the wallet will allow users to make outside purchases with their funds, it won't allow them to make rental payments.
Futurism reached out to a Flow spokesman to find out what's happening in the world. Let's just say we are confused.
Observers are confused and irate that Neumann is back at it again.
One startup founder called Flow's huge fundraising check "disgusting" and pointed out its VC backers, a16z, for giving its largest single check investment to date to a "Straight white male" founder of a company as "toxic" as WeWork.
A16z is backing fraud a second time, which is a reference to the other time this year when a bunch of money was dropped on a Neumann venture.
Another person on the social network had a funnier take.
"I really want to meet Adam Neumann, and see if he can hypnotize me as well, or if I'm powerful enough to resist," said Golberg.
At the end of the day, this whole thing sounds very much like Silicon Valley bros reinventing and then making money out of the wheel, which is exactly what WeWork was, too.
You have to respect the work.
Adam Neumann's new real estate company is planning a digital wallet.
The founder of Neuralink left the company as it descended into chaos.
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