Adam Neumann’s startup Flow opens co-living community in Saudi Arabia
Flow, Adam Neumann’s co-living startup, opened a compound with 238 apartments in Saudi Arabia’s capital, Riyadh, and Forbes has some details. The opening included an Aztec-themed hot chocolate ceremony and tote bags with the words “holy s— I’m alive” on them. The rent for the furnished units starts at $3,500 a month and includes hotel-style services such as laundry and housekeeping and amenities like pools, co-ed gyms (unusual in Saudi Arabia), and bowling alleys. Flow is building three other properties with nearly 1,000 apartments in Riyadh.
Flow raised $350 million from Andreessen Horowitz in 2022. The funding raised eyebrows given the problematic history of Neumann’s previous startup, WeWork. Once valued at $47 billion, WeWork filed for bankruptcy protection last year and was ultimately acquired by Yardi, a real estate group, for $450 million.
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