Adam Neumann's startup Float opens co-living neighborhood in Saudi Arabia | TechCrunch – Techcrunch
Float, Adam Neumann’s co-living startup, opened a compound with 238 residences in Saudi Arabia’s capital, Riyadh, and Forbes has some small print. The hole incorporated an Aztec-themed sizzling chocolate ceremony and tote bags with the phrases “holy s— I’m alive” on them. The rent for the furnished items begins at $3,500 a month and entails resort-sort companies akin to laundry and housekeeping and companies fancy swimming pools, co-ed gyms (irregular in Saudi Arabia), and bowling alleys. Float is building three other properties with virtually 1,000 residences in Riyadh.
The company’s first however much less luxurious properties were opened in Castle Lauderdale and Miami in April.
Float raised $350 million from Andreessen Horowitz in 2022. The funding raised eyebrows given the problematic history of Neumann’s previous startup, WeWork. As soon as valued at $47 billion, WeWork filed for economic raze security last year and became once indirectly got by Yardi, an real property community, for $450 million.
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Float, Adam Neumann’s co-living startup, opened a compound with 238 residences in Saudi Arabia’s capital, Riyadh, and Forbes has some small print. The hole incorporated an Aztec-themed sizzling chocolate ceremony and…
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