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The Guardian - UK
The Guardian - UK
Business
Rupert Neate Wealth correspondent

WeWork founder bounces back with $1bn property project Flow

Adam Neumann FLOW WeWork Marc Andreessen Andreessen Horowitz
Adam Neumann, the founder and former CEO of WeWork
Adam Neumann quit as chief executive of WeWork after allegations about his personal conduct, including that he smoked marijuana on a private jet, came to light. Photograph: Eduardo Muñoz/Reuters

Adam Neumann, the ousted founder of WeWork, is back with a $1bn (£830m) property venture after saying he learned “plenty” of lessons from the spectacular implosion of the shared office space rental company.

Andreessen Horowitz, a Silicon Valley venture capital firm that was an early backer of Airbnb, Facebook and Skype, announced in a blogpost that it had invested $350m in Flow, a “community-driven” rental startup founded by Neumann.

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