11–14 of 14 posts
No investor (esp. one who has built companies before) tries to build a new company just because they can't acquire enough. There is always a price to get it done and that is infinitely cheaper than investing your own time. The likely answer is that the company was underperforming and not executing the way Neumann wanted.
I think Flow's long-term plan is to offer an alternative to mortgages, i.e. rent-to-own with increasing fractional ownership without actually taking out a loan. I think there is a similar startup in the UK.
Not sure why you need tokens here, they are only redundant for loyalty points. The most naive idea is that the tenant receives tokens as a reward for each month of rent paid, and hopes that in the "crypto" bull market these tokens will rise in price so much that it will be possible to buy an apartment ;)
EDIT. The model that makes sense: the more reward tokens you accumulated the larger will be the discount if you'll decide to buy the apartment you are renting. If these tokens will be listed on the secondary markets their price will become linked to the residential real estate prices in the properties operated and owned by Flow.
Not sure why anyone would give this guy money after the WeWork fiasco. I'm betting neither this company nor flowcarbon (his wired carbon credits crypto company) will be successful in the long term or be as impactful as WeWork was.
In the words of Matt Levine: > An important running theme of this column is that one of the best things you can do for your financial career is lose a billion dollars. This is not necessarily actionable advice, for most people; it requires someone trusting you with a billion dollars to lose. But if you ever do find yourself in a position where you can lose a billion dollars of someone else’s money, and you do it, tha…
> While not stating exactly what the business purpose of Flow is, he dropped multiple hints about the issues it is trying to fix: “You can pay rent for decades and still own zero equity — nothing,” he wrote. I think Flow's long-term plan is to offer an alternative to mortgages, i.e. rent-to-own with increasing fractional ownership without actually taking out a loan. I think there is a similar startup in the UK. Not s…
It makes me think of how they had some sort of WeWork OS project at WeWork and being a tech company rather than a real estate company can help increase valuation.
I may be completely wrong on this ofcourse but just a theory.