#adam-neumann

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TechCrunch
2 months ago
Startup companies

Adam Neumann is trying to buy back WeWork | TechCrunch

Adam Neumann is attempting to buy WeWork out of bankruptcy.
Neumann claims to have previously worked to arrange up to $1 billion of financing to stabilize WeWork but the former CEO shut down that process without explanation. [ more ]
 @micshasan1 year ago
Anything real under the hood here, folks?
Futurism
1 year ago
Startup companies

WeWork Guy's Apartment Rental Company Plans to Launch Crypto That Can't Be Used to Pay Rent

It'll also involve a cryptocurrency - except that, per its own spokesperson, the crypto won't actually be able to pay rent on the platform.
...
As far as we can nail down anything concrete, former WeWork CEO Adam Neumann's latest venture is a real estate startup called Flow.It's already raised $350 million in venture capital, which it says it'll use to carry out some sort of inscrutable and jargon-filled mission that'll solve the housing crisis or something.
...
A Flow spokesperson told the financial magazine, however, that while the wallet will allow users to make outside purchases with the funds they have stored in it like any other, it won't let them make rental payments.
...
One startup founder, Kate Braddock, called Flow's huge fundraising check "DISGUSTING" and singled 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.
 @cal_tiger1 year ago
Interesting read.
Futurism
1 year ago
Startup companies

WeWork Guy's Apartment Rental Company Plans to Launch Crypto That Can't Be Used to Pay Rent

It'll also involve a cryptocurrency - except that, per its own spokesperson, the crypto won't actually be able to pay rent on the platform.
...
As far as we can nail down anything concrete, former WeWork CEO Adam Neumann's latest venture is a real estate startup called Flow.It's already raised $350 million in venture capital, which it says it'll use to carry out some sort of inscrutable and jargon-filled mission that'll solve the housing crisis or something.
...
A Flow spokesperson told the financial magazine, however, that while the wallet will allow users to make outside purchases with the funds they have stored in it like any other, it won't let them make rental payments.
...
One startup founder, Kate Braddock, called Flow's huge fundraising check "DISGUSTING" and singled 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.
Futurism
1 year ago
Startup companies

WeWork Guy's Apartment Rental Company Plans to Launch Crypto That Can't Be Used to Pay Rent

It'll also involve a cryptocurrency - except that, per its own spokesperson, the crypto won't actually be able to pay rent on the platform.
...
As far as we can nail down anything concrete, former WeWork CEO Adam Neumann's latest venture is a real estate startup called Flow.It's already raised $350 million in venture capital, which it says it'll use to carry out some sort of inscrutable and jargon-filled mission that'll solve the housing crisis or something.
...
A Flow spokesperson told the financial magazine, however, that while the wallet will allow users to make outside purchases with the funds they have stored in it like any other, it won't let them make rental payments.
...
One startup founder, Kate Braddock, called Flow's huge fundraising check "DISGUSTING" and singled 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.
TechCrunch
1 year ago
Startup companies

Daily Crunch: 7 months after emerging from stealth, YC alum Arc secures $20M Series A

Did you know that TechCrunch Live is on a shiny new platform?We've even made it easier to enter our two-minute Pitch Practice segment.
www.nytimes.com
1 year ago
Tech industry

WeWork Reaches a Debt Restructuring Deal With SoftBank

WeWork, the struggling office space company, said on Friday that it had reached a deal with SoftBank and other investors to significantly reduce its debt and secure new financing.The agreement would cancel or convert into equity about $1.5 billion of the company's debt, reducing WeWork's total debt to less than $2.4 billion, the company said.
www.nytimes.com
1 year ago
Tech industry

People Love to Hate-Watch Tech Villains. That Won't Hurt Spotify.

Daniel Ek, a founder of Spotify and its current chief executive, sits in front of a U.S. Senate committee hearing.Or rather: A Swedish actor playing Ek sits in front of a Senate hearing, as imagined by a Swedish production designer.A fictitious senator named Landy is grilling him, hard.Your business model just doesn't work for musicians, does it?
Dezeen
1 year ago
Design

Dezeen Agenda newsletter features Brad Pitt's $20.5m defective homes settlement

The latest edition of our weekly Dezeen Agenda newsletter features the $20.5 million settlement that Brad Pitt's foundation has agreed with the owners of defective New Orleans homes.
the Guardian
1 year ago
Venture

WeWork founder bounces back with $1bn property project Flow

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.
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