Adam Neumann Explains Why Marc Andreessen Invested $350 Million In "Flow"

WeWork founder Adam Neumann is back, and he’s starting another real estate company.
Flow, which will focus on making residences into workspaces, already raised $350 million from billionaire Marc Andreessen’s a16z. Neumann said the new venture will either compete with WeWork or partner with it at Fortune’s Brainstorm Tech conference in Deer Valley, Utah.
Given the spectacular fall of WeWork-and Neumann’s departure-many are surprised he received such a huge investment for a very similar-sounding company.
But in an interview with Fortune’s Michal Lev-Ram, Neumann insisted he has learned from his mistakes.
00:00 - Intro
01:07 - WeWork's Biggest Mistakes
04:16 - WeWork's Non-Compete Expiration
04:53 - Introducing Flow
06:27 - Will Flow Compete With WeWork?
07:12 - Flow's Business Model
09:10 - Marc Andreessen's $350 Million Investment
12:56 - Outro
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[@MsKasiulenka]

Ruined so many lives and walked away with fu….ing billions with a B. NO….a big fat NO.

[@jackrode6105]

Did he seriously just blame his own staff for not telling him that he’s wrong multiple times? As opposed to actually taking responsibility for those decisions? 😅

[@kawakami789]

You’d think he’d be able to afford a better wig with all that stolen money.

[@jokerrhe]

He don't give af.. his non-compete even expired. He was in for complete personal benefit it seems. Although WeWork is not bad idea but in the end he learned how to exit while being profitable. Like the big firms that go bust but the execs still get their bonuses. At this point he could even buy WeWork back lol if he's truly savage

[@leeanucha]

@@kawakami789 nah really?

[@Throwingness]

The landlord is back with some brand new solutions that have nothing to do with renting real estate. Give this man billions of dollars!

[@slypear]

Love this comment!

[@taxicamel]

That would require a product of some type .....which this guy has never had. CON-MAN EXTRAORDINAIRE. ......is only half the equation. The other half of the equation is a lot of very GULLIBLE, WEALTHY, and GREEDY INVESTORS ........and presto ......SUCCESS!!!!! How does ANY company, institution, organization, investment, ......call it anything you want .......go from a "valuation" of $47 BILLION, January 2019, to $45 MILLION by the time it filed for BANKRUPTCY PROTECTION, August 2023? It's quite easy. There never was anything of any value ........just the CON ARTIST WITH A VERY BIG MOUTH ......the only one to walk away with a lot of money ....$770 MILLION......in 2019. What is truly weird is we have CNBC Television "interviewing" this CON ARTIST .....and he is STILL doing the "CON" ....ON PUBLIC TV!!!! A "NEW" CON!!!!!! .

[@ricardoagostinho1905]

What a scammer! Why he still has people giving him time. The problem is that others around him didn’t insist enough telling him he was wrong 😂😂 The moderator is a joke by letting him go with this story!

[@kt209]

I wanted to see the comments to see if anyone one else thought this was a bunch of BS. Even their website is a joke! "Coming soon"

[@knowendsports84]

Don’t underestimate the gift of gab!!!!

[@stevensmith8876]

I don't recall coming across anyone who immediately screams SLEAZY more than this guy.

[@muhandisharoki1764]

Let's hope he's not gonna sell the trademarked name of "flow" to the company for 6 million bucks

[@josefranciscomatosgerman316]

This guy again? Jesus

[@quito787]

That was some legendary BS word salad lol. He was able to convince investors with that??? Lol

[@kt209]

That's exactly what I was thinking, it's all BS! A huge pool of BS, he talks a lot and says nothing.

[@hazeleyez130]

Yeah um... how is this guy still a thing???

[@Carlos1618033]

Hmm, tanks a $47B company and comes back with the exact same hollow advice containing no concrete anything. 🤣 he's talking about a "post corona" world. Geezus what a scammer.

[@censura1210]

He became a billionaire and didn't have any real legal consequences, so why would he not do it again if it works so well?

[@trufflesmell]

"I've learned from my mistakes and can repeat them exactly." P. Cook.

[@AAMM101]

Seriously this scammer again? 😂😂 I'd love to know his investors, maybe I'll have a scam to promote 😂😂

[@chaidreezy5111]

He should be in prison. How can he be allowed to costume this scam?

[@ralucadirjan4620]

What a scammer! Why is anyone giving this guy the time of the day?!? 😂

[@its_yourparth]

To learn how to manipulate people

[@ralucadirjan4620]

Basically a one trick pony carpet salesman….

[@justthej]

So what does Flow do? 🤔So it’s a property management company. 350m for this??

[@shammuk02]

He is the luckiest con man on earth but that is how the game is played on wall street and he played it perfectly... I would love to learn sales techniques from this guy he is the best salesman on earth

[@SlowDIIV]

I think you can learn more about him and his sales technique through interviews like these. The pace with which he speaks, very slow, calm, smiling slightly from time to time, greeting the audience at the beginning. Acting with apparent humility, his style is almost that of an enlightened, half-way between sect leader and a benevolent father. He's undoubtedly a great salesman who can manipulate people very well, to the point that many of his workers would be incapable of contradicting him for fear of disappointing him or falling out of his favor.

[@buoytoys]

seconded only to jordan belfort

[@nexx456]

He got $700M of VC money from We Work. We work was a disaster. How Dumb are these Investors giving money to a guy like this ? Flow is going to revolutionize renting ? Difference between this & other real estate companies who own rental properties ? . Technology & Community !!!!. Do others also have $1B valuation ? He said the same thing when he was propping up We Work. Basically this new company is a Real estate company. Like the one before. Same CRAP.

[@TheMrleeyang]

The early investors made a ton of money when they IPO. The fact that people dont understand that blows my mind... Its people that bought in after the IPO that lost all their bricks

[@mhrmr1756]

I would not use corona as an event to pitch flow, I think people will get tired of Covid-related way of life and we already observe a back to normal type of work / lifestyle habits (in Europe) at least. The WFM dream will not be as deployed as we believe

[@NJtwentyone]

He said alot of nothing. Basically flow is going to be an expensive apartments with a cool website.

[@mattheusser1390]

It seems odd that he's worth $2.2 Billion (per forbes) yet he is touting a $350 million investment. It makes me wonder how much he put into the deal of his own money.

[@calmsimon]

"Net worth" is misleading. People think this means that a person has X amount, liquid sitting in an account. Usually their worth is in assets - no one actually has 1B in a bank account. That's stupid financial behavior. It takes time to divest and it's quite complicated. 350M is an insane investment to someone with no product - that's why it's being touted

[@games4us132]

@@calmsimon he could simply cut %10 of his assets worth and sell them next week, or cu %20 and sell it today. Still more than 1B of money.

[@calmsimon]

@@games4us132 you are wrong in so many ways.

[@cmoncmona959]

Does he truly possess assets worth all that? Even if Forbes purportedly states so? Either he possesses an entrepreneurial spirit or he needs money, thus the new venture.

[@upgrade1015]

He’s an entrepreneur.

[@jacopocontin]

He's got a bright future in politics

[@rahulvenadudayar]

After flow he will run for president 😂

[@Colonel.B.Sanders]

@@rahulvenadudayarpresident of the world!!!

[@santosh_98]

what ever weed he is on must be really good.

[@justthej]

Ruined many of his employees lives. Now he’s ready to do it again.

[@kafenaded]

love listening to this interview.

[@martab.6808]

Wow. Unbelievable that he got trusted again :) Good luck

[@EricKennedy-vi7yl]

I never met a "ConMan" that I didn't like.

[@rmdashrfv]

Someone tell the editor that the abrupt music over cutaways is weird and you're better off without it

[@Nestorghh]

good luck with your new venture

[@sws-vlogs]

Flow is 🌈AY

[@flytoday]

AZ16 love a good pumper

[@thecowegg]

He's really good at what he does 😂😂😂😂

[@upgrade1015]

He walked away with a grip of cash to retire forever…

[@jamestamu83]

And WeWork declares bankruptcy today! What a scammer.

[@TaoStein]

Is this satire? It's just cliché after cliché after cliché.

[@Mike_Davidson]

Snake Oil Adam of WeBroke. 🤣🤣🤣🤦‍♂️

[@antiquetozai1744]

So he moved to a community living working place concept to everyone stay home and work 😅

[@christopherarmstrong2710]

What happened to my comment?

[@woy8]

His business it getting investors money, that it, worked so far

[@saneepeopleonly]

We need to elevate his bank account

[@buoytoys]

answers questions like an MP! hahah

[@oscarserrano1969]

Dude, you did not make the world a better place, just the opposite.

[@taxicamel]

Actually a very boring interview with very little actually stated. Exactly WHAT is "vertical integration" .....repeated several times ......as if the term actually explains something??? HOW does ANY of this "talk" address "loneliness" .....which apparently is a very serious problem? HOW does ANY of this SOLVE loneliness???? CON ARTIST. .

[@Username0833]

Vibe Check: Both are acting like that work colleague you hate but have to be professional around so you don't lose your job.

[@user-ru3jc8tf1x]

It's again the same thing. I believe in his mission and understand he is doing it from his heart, but he is not financially wise. I can buy a building and within 24hrs all apartments will be rented these days because there is a shortage. so he says lets rent apartments and give them more fun that costs a lot to a company, it's nice but it's not really more profitable than just renting it and giving them nada.

[@channel1channel139]

There are different customer segments and plenty of people who would pay to live better and more fun..

[@Shad-bp6hf]

Adam hire meee!!!

[@joshd265]

Why is he lecturing the crowd without invitation? This guy clearly has NPD

[@Eric-steele]

1 minute in and my mind is telling me I'm looking at the male version of Elisabeth Holmes. I bet if I watch the whole thing I'll hate myself for being so stupid.

[@teriross-bares7153]

This is all about agendas 2030. He’s really talking about building stack and packems… we all live near rr. We all use public transportation and bicycles. Etc…

[@patman2193]

This might sound dramatic... but this guy is an absolute psychopath.

[@Kalifornia11]

So locking-in young people to a lifetime of renting?

[@games4us132]

all people in comments creating bad energy

[@DantoBossFace]

this andresen trap edit haha

[@mediauser4k726]

Flim flam man spewing wall to wall BS...

[@BolajiOlayinkaa]

❤️

[@timsok]

Love AN

[@lazslostpierre9951]

We Fail.

[@V3NOMXIII]

Make me liquid Jamie!

[@nc0849]

he always looked stoned out...

[@mt030]

Chameleon

[@prospectnyc]

He speaks in a compelling manner but yet says nothing.

[@iillliiiil137]

Son crashed

[@subzerovader2200]

the art of grifting

[@JayTheLane]

He realise that We Work was bleeding money so he sold his stock and walked away with 1 billion. WeWork is now worth 50 million compared to 46 billion. Guy with his fawning platitudes is a prize turkey narcissist and dishonest to boot.

[@elinge7531]

This man is a bad joke, a bad dream. Divine justices will come.

[@islesofshoals3551]

He lives in Israel with mega wealth

[@Sujaljaina]

He lives in New York with his six children

[@gokinnation1034]

lmao legendary scammer of the 21st century lol hahahahaha how is this tool any different that SBF of FTX, Do Kwon from Luna? He ain't in prison nor was ever up for trial etc lmao

[@garnuth]

WeWork is a penny stock

[@aidanmolloy8634]

Scammer, still sounds like a snake. Wework filed for bankruptcy yesterday💀😝

[@EliyahuPasha]

adam is a genius.....a startup messiah..great guy

[@reonalfa1562]

Scam 🤮

[@schobihh2703]

who believes that BS

[@channel1channel139]

So much hate in comments, its just funny :)) use your own mind more and instead of being jealous, take your own action :)

[@mashhouse7545]

i've grown to like this guy

[@justtestingonce]

The interviewer is patronizing. She harps on wework, but the guy is here to talk about this new initiative.

[@drdyer23]

if she didn't everyone would be outraged at her.

[@AAMM101]

"initiative" 😂

[@JayTheLane]

She's right to do so, the guy is a charlatan.

[@christopherarmstrong2710]

2:25 Surround yourself with the best people as an entrepreneur 4:54 Flow sales pitch 7:20 Compete or partner 8:10 Own 3,000 apartments, 150+ employees 9:19 $350 Mn raise (she sounds impressed) 9:45 VC investors being fellow or former entrepreneurs is very important for long term outlook

[@mattheusser1390]

what was that stuff at the end about valuation? His company (WE) set billions on fire and is now valued at 250 Mil or so.

[@christopherarmstrong2710]

@@mattheusser1390 I haven't heard the valuation is that low ($250 Mn). But yes, his former company and his leadership aren't seen in a very favorable light. Covid really killed what business they did have (a real estate play, _not_ tech), and proved right many bearish would-be investors.

[@games4us132]

@@mattheusser1390its not "his" company anymore, so it is not his fault now tbh

[@MontassarChebbah]

this guy is a scammer

[@evolvedmonkey9978]

He's likeable guy, besides that, he thinks completely out of the box, if I had money I would invest on him.

[@nexx456]

Yeah, right. He will take your money like he did with We Work. $700M + golden parachute !!!

[@evolvedmonkey9978]

@@nexx456 😀 sarcasm

[@jokerrhe]

LOL it's a front

[@calum.macleod]

I see some negative comments under this video, from people who have no solutions to the problems that Neumann is trying to solve. People below my comment, I'm not saying that your negative comments have no grounds, but please offer us some positive solution. If my request is met by deafening silence, then I will be quite keen to back Adam Neumann because unlike you, at least he makes an effort.

[@meltorment09]

participation medals? what a low bar to achieve

[@calum.macleod]

@@meltorment09 Taking action, instead of being an armchair critic.

[@user-xq2fz5tz9t]

Yeah, say that to his former employees and believers lives he had screwed. You're likely to be the next victim in his scams.

[@gerardoitaliano8046]

Ask the japanese investment Co. Soft Bank (who believed on him and plowed 20 billon on this guy Wework Co.) about negativity or not having solutions.... Snake oil salesman.

[@decxde6901]

The model isn't centralizing more ownership into fewer hands. It's about creating more inventory NOT owned by major funds and corporations that enables individual ownership. This guy thinks people want to live in his fantasy world, but all they want is to be able to live on their own. He's only going to make the problem worse.

[@Chuck-ou3xo]

🔥 'Promo sm'