Adam Neumann, arguably the GGOAT (Greatest Grifter Of All Time), has just entered the crypto space. Wave pools next? Covered Adam Neumann Gets That Money Should We Be Concerned? Adam Neumann Gets That Money Adam Neumann, the shunned founder and former CEO of WeWork, has found solace in crypto. His latest startup the blockchain-based Flowcarbon […] The post One Of The Greatest Grifters Of All Time Just Scored Millions In VC Funding appeared first on CryptosRus.

One Of The Greatest Grifters Of All Time Just Scored Millions In VC Funding

Adam Neumann, arguably the GGOAT (Greatest Grifter Of All Time), has just entered the crypto space. Wave pools next?

Covered

  • Adam Neumann Gets That Money
  • Should We Be Concerned?

Adam Neumann Gets That Money

Adam Neumann, the shunned founder and former CEO of WeWork, has found solace in crypto. His latest startup the blockchain-based Flowcarbon has already received 70 million in start-up capital. About half of it from a16z, the VC firm run by crypto king Marc Andreesen, and the other half from a private presale of the token.

Flowcarbon will run on the little-used, but Coinbase-backed, Celo chain. Its token GNT (Goddess Nature Token) will trade off carbon credits. The carbon credit market is expected to reach over 700 million USD by 2027.

Neumann’s previous venture WeWork was once a unicorn beloved by Wall Street and valued in 40 billion USD range. WeWork was set to go public, however, issues with how Neumann did business arose. Namely, the aggressive burn rate, his improper property buys, and his obsession with side businesses like wave pools, created enough reason to believe Neumann couldn’t be trusted to run a publicly-traded company.

Recommended: The Bob Ross Approach To Investing In Crypto

Should We Be Concerned?

Neumann’s WeWork is famous for pushing the word community as a big part of his product pitch. Suffice it to say, he will fit right in! Should the crypto world be concerned? Considering crypto survived Mcafee, it will be just fine.

Interestingly, Andreesen of a16z recently attended a Martin Shkreli Twitter space. Shkreli, like Neumann is a controversial ex-CEO. Is Shkreli the next crypto castaway?

The post One Of The Greatest Grifters Of All Time Just Scored Millions In VC Funding appeared first on CryptosRus.