The Ledger, every show
Every statement that passed quotation and attribution checks, across all 44 shows. Pick shows below, then mix any filter with any other.
shows 
every show 44 of 44
Neumann: Companies prioritizing face-to-face interaction will win long-term
“I actually think if you look 10 years forward, the companies that are going to make the effort now to be face to face, now we can describe what face to face is, there are many ways to do it, but the companies that are actually going to do the face to face, I t…”
Neumann: Flow Parent Company Has Closed Fundraising for Outside Capital
“We talk about raising money for real estate funds. We're not talking about raising money for flow parent company that that door is closed.”
Neumann: a16z invested $350M into Flow
“Who are we to not want to meet each person that our partners, who not only gave us three hundred and fifty million dollars, but our real partners suggested?”
Neumann: Flow will sell five buildings while retaining long-term management
“We will sell our five buildings. We will sell our first asset in a month and we'll keep a management deal for the unforeseeable future.”
Neumann: Flow's Fort Lauderdale NOI grew 30% after takeover
“Our building in Fort Lauderdale NOI net operating income is 30% higher than when we took over it.”
Neumann: 90% of Flow's tenant inquiries come direct, bypassing brokers
“80% of most leases in, in South Florida come from brokers. 90% of all inbound into flow is direct to the direct to us, direct to the website.”
Neumann: US housing shortage expanded from 2 million to 6 million homes
“Before Corona, there were approximately two million homes missing in the U.S. Today the number is six million homes.”
Neumann: Over 70% of adults under 35 rent, and that will grow
“70% of thirty-five-year-olds and youngers are currently renters. They don't actually buy, and this number is not because of the interest rates that have been going up over the past six to 10 months. This is a number from 12 months ago. And we believe that that…”
Neumann: Reducing tenant churn to 40% yields 500 bps extra LP return
“If the user now enjoys their experience more and feels like they have a portion of the value and chooses to stay a little longer, and that average churn goes down from 50% to 40%, without getting too deep into the numbers, the NOI of the building will go up by…”
Neumann: Construction tech company ICON can build a home in four days
“There's a construction company here called Icon that's using technology that the government is going to need to partner with them at some point, because they have found ways to build a home In four days, that used to take, ah, that used to take a year and a ha…”
Neumann: Flow will rely on partnerships rather than owning all assets
“I think for us at Flow, and this is another lesson from the past, we used to think, and I used to think we had to own everything. I think the category is so big that the only way we're going to achieve anything is through partnership, partnership with governme…”
Adam Neumann: AI helps dyslexic individuals write without spelling mistakes
“I have a lot of dyslexic friends now who keep, everyone keeps calling me about how they're using AI to write stuff because it's just, they're not making mistakes anymore because my kind of dyslexia, even when you do the auto, even if you need, when you did it …”
Neumann says a16z spent six months before investing in Flow
“And it took six months from that point. A lot of people think that this happened fast. It didn't. It took six months from that point to the actual investment”
Neumann: Flow achieved 90% occupancy in 60 days in Saudi Arabia
“We achieved over 90% occupancy within 60 days.”
Neumann: Flow converts over 90% of expat trial tenants in Riyadh
“The conversion rate has been phenomenal. 90 something percent of anybody who took the month is able to stay.”
Neumann: Real estate tech was built in 1980s for bank accounting
“Technology for real estate was literally built in the eighties and nineties. I know it's hard to believe what it was. It was built for banks. It's actually an accounting system, and they just had to be able to count because they needed credit and they needed t…”
Neumann: Flow will expand beyond residential real estate once profitable
“We're winning on the basics, we're focusing on profitable buildings, and then we'll have leeway to grow this to many different places, larger even than just residential.”
Neumann: The US is short 3 million to 5 million housing units
“There's, and the numbers varies, but between three to five million apartments and single-family homes missing right now in the U.S., and that number grows by hundreds of thousands of units a year”
Neumann: Post-WeWork social circle plummeted from 1,000 friends to 10
“I had a thousand friends a week before. And I went down to 10. And five of them were family members.”
Neumann: Flow's first five real estate deals were negotiated in-person during COVID lockdowns
“And our first five acquisitions, who turned out to be amazing acquisitions, who we're going to get to talk about afterwards, but all have amazing basis were done like that.”
Neumann: Hilton and Marriott Own Less Than 1% of Their Hotel Properties
“You take Hilton and Marriott where they started by owning a lot of it. And today if I'm not mistaken, listen, we're talking about thousands of properties, less than one percent owned.”
Neumann: 70% of Americans under age 40 are renters
“70% of 40 year olds and younger in the United States are renters.”
a16z and Adam Neumann discussed partnership for 1.5 years before investing
“And we actually talked for a year and a half before anything happened.”
Neumann: 66% of Americans under 35 rent and spend 33% on rent
“66% of 35 year olds and younger in America, adults, are renters. They spend a third of their income. This is, this number is so big it's hard to comprehend. They 66% of adults in America that are younger than 35 are renters. They spend a third of their income …”
Neumann: 60% of average American equity is tied up in homeownership
“For 80 years, owning a home used to be the way that, that was the majority of us creating equity, and 60% of Americans today, in average, their equity is in the home.”