AW Capital Management LLC (Andreessen Horowitz) owner Marc Andreessen claimed in a post Monday his company is buying Flow, a brand-new domestic property business led by WeWork Inc. WE, -3.40% owner Adam Neumann. While introducing a firm in the realty service stays a “hefty lift”, Andreessen stated his company is “delighted to take place this trip with [Neumann] and also his coworkers constructing the future of living.” The business intends to attend to the altering characteristics of the household realty market, that includes individuals that have actually relocated far from typical financial center cities to various cities, communities, or backwoods, “without any diminishment of financial possibility.” The New York Times reported that Andreessen Horowitz dedicated $350 million to Flow at an evaluation of $1 billion.
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