The Silicon Valley venture capital giant said it has partnered with Adam Neumann’s new residential real estate company, Flow. (The Logic)

Talking point: A16z is investing about US$350 million, sources told The New York Times, which would make it the largest single cheque the firm has ever written. The raise values Flow at more than US$1 billion. There’s not much information yet on what Flow is, but its website says it will launch next year. Marc Andreessen will join the board, the sources said. Neumann has bought thousands of apartments across several U.S. cities for the venture. The investment signals confidence in the founder, who the VC firm calls “a visionary leader,” despite Neumann’s departure from WeWork after its much-awaited IPO was unceremoniously delayed amid concerns about the co-working company’s major losses, corporate culture and whether it should be considered a tech firm.