WeWork founder Neumann's new startup gets backing from Andreessen Horowitz

For Adam Neumann’s next venture after WeWork’s rise and fall, the venture capital powerhouse Andreessen Horowitz pledged a big financial commitment.

The investment in Flow, a residential real estate company led by Neumann, is roughly $350 million, according to the New York Times. The investment will be the largest check written for single round of backing in the fund’s history, the newspaper reported.

Flow seeks to address America’s housing crises by offering community-centric services in apartment properties. Already, Neumann has purchased thousands of residential units in Atlanta; Fort Lauderdale, Florida; Miami; and Nashville, Tennessee, where he plans to operate as landlord.

The partnership