What is Flow | Adam Neumann’s Controversial New Startup
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- Опубліковано 21 вер 2024
- What is Flow | Adam Neumann’s Controversial New Startup. How did Adam Neumann Start Flow? What is Flow Adam Neumann? Who is Adam Neumann? Who is Andreessen Horowitz? How did Adam Neumann get funding? Following WeWork's downfall, Adam Neumann has been underground, particularly after the airing of WeCrashed, the apple TV show on WeWork's failure. Adam Neumann is now back in business with Adam Neumann Flow. But What is Flow? Flow is a residential real estate project where Adam Neumann is aiming to become the world's biggest private landlord as Adam Neumann has bought residential affordable apartments across America with the goal of building Flow as a community driven residential area. Adam Neumann has received funding from Andreessen Horowitz for Flow, receiving $350 Million, Andreessen's biggest cheque ever written showing that Marc Andreessen seriously supports Adam Neumann & his new Real Estate business Flow. But What is Flow, Who is Adam Neumann, and how did the WeWork Founder get massive financial backing yet again?
Here's How It Happened.
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What do you think of Flow? Leave us a comment!
Does he deserve a second go round? We let people know our thoughts ua-cam.com/video/XMD_Fe7jSe4/v-deo.html
Baha…hahaha…hahahahah
@A Z He's an Israeli what is your point sweety?
It improves with a high fibre diet. Remember to drink lots of water. And pray to God to save you from the relativism that leads you to believe this fake new age crap.
@A Z
Your not supposed to say that...
this dude can literally buy nyc sewer system and turn it into community "where sewer workers meet and do businesses"
You killed me man😂😂
The best bro 😆
🤣🤣
😩🤣
I'm Laughing and I'm coughing at the same time!
I worked for Nuemann for 7 years, and I directly worked on WeLive. He's a grifter, and it won't be profitable. Also, this idea is wildly expensive. WeLive was draining money and crazy pricy.
Can we connect coz we have a startup as this and trust me his on to something he may not be in the right frame of mind but this is key
@@mwilalwando8767 it's a bog standard REIT. Been around since FOREVER.
Let me guess. Adam is likely to be buying properties for Flow that HE ALREADY OWNS and has priced them significantly higher than what he bought them for? I bet...
WeLive on VC money bro
What is WeLive?
The lesson here is that if you are audacious and eccentric, people give you money because they see the human spirit in its highest form and lose control of their logic.
Man you got the whole picture !!! 👍👍👍👍👍👍
But you also have to be charming/charismatic and good at bullshiting.
be a j helps
The problem with Adam Neumann is people still think he's out of this world. He's not, he's just a good story teller. What he actually is; is that he's a bad person who only cares about $$$, so in the end this company will also fail because of it.
😉😉😳
I seriously hope so. Nothing worse than evil pretending to be good. I rather if he embraced his evil existence.
i agree, he thinks he can fool everyone with the way he talks, the way he approaches people, but in the end, it´s all a scam.
You people buy into an overpriced "community" while I fly around the world in my private jet to my exclusive private estates. Win-win! NOT 🤣🤣
Hes a sack of warm shit quite frankly. A very good story teller indeed -- a pro salesman -- but still a sack of poopoo.
What people seem to miss is that Flow owns 4,000 units of real estate in some of the markets where prices and rent have spiked the most. Even if you cut out all the "community" crap, investing $350M in a real estate company owning $1.5B of real estate and most likely carrying a $3B - $4B in super cheap debt locked in before the rate hikes is really smart.
exactly, the debasement of the dollar alone, he is winning. people have pivoted away from office space but you can't pivot away from a home, we all need a roof.
How is it super cheap debt? Servicing Debt funding and warehouse lines is not cheap
How is this any different from a Real Estate Investment Trust? It sounds the same except it’s not yet listed. Anyway kudos to Adam Neumann for his ambitions, regardless of how he had abused his position of power in the past.
Yeah but rates are declining, and they are presenting it as wanting go solve the rent crises
They only make profits, if rents sky rockets, and there are more competent real estate companies that are already well positioned to take advantage of this
@@theforeignspeculator yes, but the people who would pay high rents also want privacy, I am not paying High rent to be sharing a kitchen and laundry area, never happening
Most people won't od this as well, privacy is key
The first 33 seconds of this video is a classic example of Newman's gift - wasting time saying nothing yet somehow inspiring (some) people.
This dude is capable of billsht beyond imagination
Awesome analysis! Flow sounds like a gimmick business. The real question is what SoftBank thinks of it 😆
SoftBank will invest billions and lose it all. Softbank is the kiss of death.
At its core, Flow is another REIT for residential. I don't imagine Flow deploying technology in more robust ways than what is currently in the market, but I do believe the company will be the first nationwide branded apartment homes.
As a real estatw attorney, your comment is very precise.
Bang on!
This makes best sense.
Technology will be used to make the living experience without any hinderance of a landower , tokenization will help in facilitating the equity transfer aspect.
Just say you watch all in podcast😂
Why would anyone want to live so close to their neighbors in a community? I purchased 5 acres to be far away from my neighbors and could not be happier.
Seems he wants to take what The Irvine Company does and nationalize it. Irvine Company apartments are exactly what he describes with amenities other apartment homes don’t offer.
To all flow investors, please send me the money instead or just light it on fire for fun. Either way you’ll get more out of it
This dude is lucky he avoided a stint in prison. Apparently, his in-depth understanding of how to turn a profit in real estate is legendary. 🤣🤣
The Mob used to take care of people like this.
The irony here is that the Horowitz guy once wrote a letter opposing affordable housing in his own locality saying it will degrade the neighborhood
He was successful in doing so
E: reached the end of the video...welp I am glad that you mentioned it
"4,000 Affordable apartments"; Adam's purchases in Miami & FTL were by no means affordable apartments. Also he bought mixed-use, transit-oriented buildings which are still classified as "commercial" not "residential". Great purchases nonetheless.
The venture capitalists need to eliminate poverty worldwide first.
I want to lose $, where do I sign up?
Billion dollar company with a Wix website 😂
Lmao 🤣🤣🤣
It is proven that the investors are extremely out of touch like the politicians.
He would be a success as a politician. But it gives less money.
He’s just building “affordable” apparent/homes for the rich. I like the concept but he’s focusing on the exact demographic that doesn’t need his help to begin with. Why are people following this guy?
Real estate, crypto and carbon offsetting
Bringing three things with large history of scams, real estate being the lowest, and then packaging it as a solution for the people
Flow - from your bank account to his
Underrated comment 😂
Neumann lost an enormous amount of investors' money in WeWork.....why on earth would you invest any money with this clown?....he has already proven he is incompetent
Billy McFarland is in jail, and this guy isn’t. I wonder why
People really like giving Adam Neumann money 😂
Lol 😆🤣😂😹
I can see the investors' money FLOW down the drain
I think people over look the benefits for Andersen Horowitz by backing Neumann. They’re able to deploy 350 million dollars in one deal (much more preferred than writing 350 individual 1 million dollar funding checks) AND they get the press associated with the deal and heighten their reputation as a “founder friendly fund”… pretty big win in my eyes
They're from the same community. They back each other.
Yeah. Except I bet Adam bought all those properties ALREADY for 200 million and sold them on to Flow for 350 million. Remember he got a 1 BILLION dollar payout from wework.
Lmaooo ‘building communities where people spend the most time: home’ 😂😂 you mean like families 🥴
IF Flow is tackling the middle space of rent & own where one can rent AND have equity in the company or building they rent in through their rental payments that is a major shift.
IF Flow is just another regular concept like a REIT or rental company with Nuemanns weirdness it'll end up where WeWork did
Sounds an awful lot like the latter.
For me it is like A.Newmann invested in residential RE as a way to keep and multiply his 1bn USD wework exit check - and then "hm, I can leverage it as welive again and make even more money than 12-14% annually". Here goes FLOW without product-market fit and another exit check for Xbn USD. I don't want to be right, really.
I bet all these properties he's buying for Flow.... are actually owned by him. He probably paid 200 million and sold them to Flow for 350 million.
Such a hero, helping regular Joe. I just wonder why Adam Neumann and Horowitz didn't implement this idea in Israel, since Adam is such a Kabutz fan
The wework energy is so awesome that most of their employees fled.
I can’t stand this kind of stuff. It’s just wrong. There are many ventures and hardworking business people out there that could better use the money. He a proven failure. Track record = failure, returns = negative
This is an enormous scam at every level. I suspect Neumann had some kind of blackmail on his former business associates to get this check.
If a16z didn't want to write the check, they wouldn't have written it.
If you look at who Mark Andressen likes to invest in, it fits perfectly. Its high risk and possibly a scam, but that is who a16z invests in
The only scam is current ownership. Ai and energy output from your neighbors will earn the wealth they deserve. It's not a scam just because you're blind. Oblivious. With no mindful energy output worth a damn. The murder begins.. Enjoy my dream. Our dream.
I am so happy he read my dreams while he was researching blockchain. Haha.. Let's see where the money flows, yeah?
Go spend with arrived homes and think that small time shit is your child's future 👌
How so? Building equity while paying rent? Execution might be hard though
Most of Sillicon Valley is a scam.
98% of "fast growth" companies are money laundering schemes; places to park ill-gotten-gains.
The investors do not expect (or need) them to make a profit; they simply need them to (half) exist.
Zombie, Inc
98% of the valley have no (path or plan) to profitability.
It's a beautiful scam.
@@JonBernard41 As is the saying, 98% of everything is crap.
At the end of the day, you probably used a phone to make your comment, on UA-cam, both silicon valley companies, and work is done through zoom or teams, and so on so forth. The creator was paid via venmo or something like that. The idea is that you can allow for 99% scams so long as you get 1 UA-cam, and you might not agree with those odds but no one cares because it's all underwritten by rich vc people
America loves a comeback story. I think the WeWork show actually helped him.
As do I!!!! Free publicity!!!
If it's so liked maybe there would be even a subsequent comeback after flop of this "Flow".
So, a residential community for remote workers? Flow: never leave the office.
They didn't say it is valued at 1 billion dollars, it's very likely way over 1 billion. Valuation was probably 25% at 350 Million, so more around 1.5 billion
Well if 1Bn in already on the balance sheet with previous acquisitions, the valuation is probably a lot more.
Making a trendy apartment complex is revolutionary?
Fugesi Fugasi is a ferry’s dust with this guy
Flow is the shet that pours out of Adam Neumanns mouth.
I think this is what he will do. 1) use the $350m to buy his own properties at a premium price now 2) flow will then own the properties and use as a collateral to start a crypto coin, backed by these properties 3) renter pays rent and receive a small amount of coins (touted as a fraction of the real estates). Of course there will be more coins than those backed by the 350m assets, this way he can issues himself a lot of coins as well. Since the value of the coins should NOT fall below the value of the properties, it will be loved by the crypto community, say the total cap of the coin is 3.5b, he simply sell his coins to get money and buy more properties to issues even more coins ( rinse and repeat). Ultimately it’s a crypto project, the property is just a shell company
Typical UA-cam video. Jumps on a controversial topic with an inviting thumbnail, fails to answer the question and then asks us 'what we think' to increase engagement
You need to answer that question yourself. You won't get anywhere acting cynical like that. 🤷
I hate CEOs who act like a god come down to earth to bless you while they party in a hot boxed private jet. Unfortunately it’s the sleazy sweet talking salesman that wins.
To me it’s equivalent to a charlatan. Nothing makes my blood boil more.
From 0 to 30 secs.. Im thinking of extended car warranty
I like the concept of Flow as I do think it adresses some fundamental issues. I am just not convinced about the business side of it. How do I build equity while paying (affordable) rent?
Also what if you want to move, can you even sell the portion you own?
@@brandonreed09 tradeable tokens
@@korganos and? Just because it's tokenized doesn't mean there are actually people wanting to buy those tokens. It also complicates the ownership structure for the next rent to own resident if there is a crowd of owners.
This guy is the largest scammer there is. He uses all the latest buzz words and phrases to hook those that think by agreeing, they too have figured this model out. It is a broken strategy that will not work. Anyone who puts a dime into this is out for a huge disappointment.
I think we will have a season 2 Didn’t Flow for apple tv
😂
So is the equity in BTC/USDT?
This is like some sort of weird Family As A Service business model. You live in a house, with a bunch of other people, with whom you form a community of sorts, split the costs of living so that eventually you save enough to move out.
I mean... this is pretty much the same as moving back into your parents house...
Being around them is one thing, living and sharing kitchen in your living space is a WHOLE other!
This can't be new, right? Building equity while paying rent?
The investor, Marc is a huge component fo the problem, and also practices exclusionary zoning
Lmao
Marc who just recently stopped his city council from building more affordable homes in his area want to solve the housing problem
The irony, a huge proponent of the issue is spending 350m to make money, when there are solutions readily available. Also when he is not actually interested in solving the issue.
Pre product and pre revenue, a billion dollar company from thin air.. beats me how investors even fathom investing in this guy
Well, pre-revenue but not pre-assets obviously
He plays on investors' wish to be ahead of others and get a share in the next unicorn, with the purpose of getting maximum return on their investments
You guys do realize that the their cryptocurrency will be the only usable currency in the supermarkets inside these neighborhoods sooner or later, right?
This is what companies did in the past. They housed their workers in a certain area and paid them in their own currency which was only usable in the supermarkets hosted by the company. This was mainly to keep the workers bound to the company as they didn’t receive actual $‘s so they couldn’t quit and move somewhere else.
Im not saying that he’s gonna do EXACTLY THAT, but they WILL force their cryptocurrency upon the inhabitants at some point and they’re gonna make a lot of fu***ng money if this actually all goes as planned…
So he wants to buy existing apartment complexes, put some shitty and cheap gen z aesthetic on it, heavily discourage new property development in the area, and rent it out at astronomical prices? What a revolutionary and ground breaking idea that will surely solve the housing crisis!! 🤣
How is this guy not in jail?
Don't underestimate Adam Newmann. WeWork was and still is a very good idea. Admittedly not very well executed in hindsight but still a good business model.
Good idea and good business model don't mean the same thing.
It was a terrible idea and a terrible business model, what are you even talking about?
@@zlosliwa_menda so nobody is allowed an opinion. I happen to have liked the concept and my business used it in US and UK for us it was ideal. When you reply to a post try to do it without being rude.
@@perrycooper7460 You are of course allowed to have your opinion, no matter how unreasonable it is. But when you're praising a borderline fraudulent, arrogant sociopath like Neumann, who wasted billions of dollars of other people's money for his unsustainable model, and then somehow still left with a billion for himself only to attempt the same thing again - expect people to be incredulous.
@@perrycooper7460 The thing with WeWork is that it was just smoke and mirrors. It was an Office space renting company. A traditional real estate renting business adorned with some tech buzzwords and an amazing Experience story to fool investors into thinking this was a disruptive Tech company (The market saw through this in the end, you are not a tech company because you use a database to store information or because you use 3d rendering). The way they presented was really clever indeed!. The so called Business model? Nothing new. Just office space renting.
He will negatively impact the housing market. Money, money, money.
I would not trust him with a dime. Reports of his lavish spending on fun but not being responsible with other people's money is his problem
Both he and his wife are crazy, wework small investors and staff lost more than they could afford to, most got nothing from the buyout. In my opinion of course.
In so called bad areas we used to seeing criminals steal cars wallets etc, but when you climb up the social ladder we not use to seeing the same thieves which are way more ruthless and the money they trying to steal is double if not by the millions. We usually don’t get a visual on these criminals too often there is no ski mask no hoody just a suit & a smile and the appeal of looking like a good guy
All they really have to do is put together a collab with Supreme.
"The 'We Generation'?" Surely you're taking the piss.
Thank you, thank you. I'm here all week, try the veal.
:)
Edit:- Now we can let the Wee Flow . Boom/Tish
Some people have no shame.
If I was Neumann, I'd have taken my own life out of embarrassment.
Having a conscience is limiting.
I like the equity part. I just don't see why it has to be a slow build.
He’s a good conman. Give him the money.
VC’s invest in founders more then ideas. Neumann may have messed up, but he also completely disrupted the work space. So maybe Anderseens play is, harness his talents, and create enough oversight to avoid past mistakes. Hate Neumann all you want, but he’s still one in a billion, and vc’s understand that and will continue to invest.
Flow will turn out to be we work 2.0 for sure
Judging by the negative comments, he is onto something :)
this is definitely a technology company and should be valued like tech
The guy built one $3B business and is now building another. Despite the title of the show, WeWork didn't "crash". The company is still here, and it's profitable. A typical mismatch between how media picture events, and reality.
We Work is not profitable :) ...still in loss
WeWork crashed hard. It was once valued at $47 billion Dollar, and raised capital of $12 billion. But at the time of IPO it was valued less than $5 billion. After listing, it crashed further, 55.50% crash as of now. So if you had invested $100 then (since you think its a profitable company), you would be left with just $44.5.
And no! it is not yet profitable. And won't be profitable in another five years considering it's liabilities and revenue. It's on the way to become another penny stock.
@@jayaraj1043 Yes. But if you follow the bumpy road of other businesses like Amazon, Twitter (and many others) - it's actually not an exception.
@@janklosowski But none of those companies threw out their founders like WeWork.
@@jayaraj1043 True. But it didn’t change the fact that WeWork was created by Neumann, not Masayoshi.
I know nothing about Flow but I'm confident in saying Krawlers is still his most profitable business.
very interesting and for sure weil work 😉 the NEW rent to own 555
It’s not uncommon for them to write a check to a second time founder that tactic usually proves very profitable
This sounds like forcing people to live in college dorms. Which is aweful.
He's good at telling stories, and most of us have learnt that he is just a story teller with no substance. Looks like he still has listeners in Saudi as he got funded mostly by them this time around. I mean the Saudis really are on a break neck speed to do anything, like anything with their money right now.
Woah, OK here we go again. Appreciate the info on this🙌
Glad you liked it!
I think this will be a quite intereseting venture to follows. Time will tell if Neumann will success or nots.
With a billion dollars to exit he could have easily given all the laid off employees 100k each. Really. That would have sacrificed nothing for him. He's a great speaker, and great at getting investors onboard, but bad at turning profits. He's not a numbers guy. He's a motivational speaker essentially.
I think flow will be a revolution,
And if it's not, it make the path for one.
Adam is a visionary entrepreneur and great storyteller. And that’s what professional VCs want to see. When people with those qualities fail, what they do is just convert it into a launch pad for their new rocket.
Anderson is known as one of the smartest VCs in the valley. Back in time was labeled as the next-big-thing inventor when he brought internet to people through “Netscape” and made Bill gate’s worst days.
Who's Anderson? Adam is far from a visionary entrepeneur. He's a gr8 storyteller that know how to take money from greedy VC's out for a quick buck. just look at the trail on damage is has left for Softbank and alike. None of his investors appreciated his enterpeneurship once they saw the books up close and personal...!
@@aiiirlife9273 do some research about a16z before you comment
@@XinghuLu Thank you for your enlighting advise, maybe stop kissing arse and educate yourself?
@@aiiirlife9273 Storytelling and bullshitting aren't the same thing. You're 100% right.
meanwhile the flames and fumes from said rocket burning all the others involved (investors, employees, etc)
Imagine being investing on this guy
Add SuperWorld to the equation and that would really be transformational.
Your videos are AWESOME. Every scene is well designed and easy to understand. Keep it up!
Thanks for watching Mike!
Neumann is a great conman. He’s good looking, well-spoken, ambitious and completely shameless. I hope he fails in everything he does.
He reminds me of Eddie Lampert; a real estate crook.
This is a segregation business model that is designed to force the increase of rent. The only true way to stabilize or decrease the cost of rent is by creating competition in the real estate market. So far the only technology I see out there that can create any kind of competition is the hyperloop.
Awesome video good job - clear & impartial! That's really great job
Thanks for watching Charles!
A master salesman on the world stage back at it... I am interested to see what he has up his sleeve now...
Slight modification on the previous scam. I bet ALL the properties he's buying for Flow are ones HE HIMSELF already bought and is reselling them to Flow with and 50% on top of what he paid.
Hard pass on this game of musical chairs, the reason they’re backing him so much is that they believe he can fool Masa type people to fund in later stages while they can quietly offload and make actual money leaving behind the bag holders. Exactly what happened to WeWork
I think his best idea was the baby mop, where babys mop the floor as they crawl around. I think if Adam stuck with that idea he could have really built a strong baby community that could have really brought change to the world. I could definitely see Baby Mop NFTs where you buy a Baby Mop and u get a NFT on the Blockchain. It's also interesting to think about the potential of a Baby Mop Metaverse where baby mops from all over the world can build a community in the virtual world. Just sayin.
Please let it fail. Please...
It Would be great to design Flow spaces as an Architect
I am still thinking “community” is not something measurable. You can add that to anything (e.g. vacancy rate decreased since Covid) and say it was because of our community, but it is very controversial. I believe Adam Neuman and many Israelis from “kibbutz” know this and take advantage of it. To me, it will be another wework and fall hard. Nothing wrong with it. You can take a ride, but be sure to get off before it’s too late.
Profit is the problem.
A reverse timeshare affordable housing option maybe?
Company (C) with research experts, economy of scale, the ability to build to a level that creates value.
C buys the land or homes. At scale, improves the infrastructure or area adding commercial space to keep (profit from commercial, not people)
People (P) that qualify for rent now can network effect via the C’s financial structure so the Commercial property is more valuable with the people thriving in an area. In otherwords, make P well off in an area so the Commercial space is more valuable. Like increasing the GDP of the project as a local economy. Competition to increase quality.
P that would rent elsewhere, choose to rent to own and ultimately get broad ownership of the entire community as shares. Not necessarily owning the exact dwelling. That becomes an investment in themselves, their area, and as the area thrives, the commercial space thrives, people can move out and hold the value or sell it to someone else to cash out. That buyer should be someone moving into the property they are vacating.
Just a comment but a start. The model reduces profit off the back of P and earns in through value created via commercial real estate and rapid community wealth creation.
Build new accommodation if you want to bring down costs, not buying apartments buildings.
Craigslist?
I liked his idea
People may not like the fact that he got funded again but some people disregarded that he did create a billion dollar company. Though the value flopped the company is still around today. So he did not have a “failing” startup, it’s still a very big company. You don’t have to like the dude to admit that he is a proven founder 🤷🏽♂️
Well technically, Wework is still failing. It posted a 2.5 Bn loss in 2021 and is bleeding cash. Not even talking about the billions of investors' money sunk into the business. It has no proven business model so far, which is the definition of non-failing company.
It never made a profit and burned in total 22billion over all its years of existence
Omg haha. I cannot believe someone can push the envelope too far. And people keep letting them. Ah humanity.
Even if it’s not 40 Billion, 9 Billion company is still seriously impressive.
not really. if you follow what actually happened with wework and you know how investors pump companies full of money bec push expansion over turning a profit in the beginning... that 9 billion was literally all just given to him. wework never made profit. it was all a con. i just dont understand how so many rich people can be so stupid
This man burns $38 billion and now he gets another $350 million. Wash, rinse, repeat.