Neumann’s Crypto Firm Refunds Investors

Forbes reported today that Adam Neumann, the former CEO of WeWork, and his climate/crypto/carbon-credit company Flowcarbon seem to be about to curl up and die

This is not a big surprise. People who bought the company’s “Goddess Nature Token,” advertised as the first step toward putting carbon credits on the blockchain, have been contacted about getting their money back over the last month. Still, they have to sign a document waiving any claims against Flowcarbon to do so.

The company told Forbes that it was “well known” that it had been giving refunds and that the operating delay was due to conditions in the carbon credit market.

Since it started in 2022, the company hasn’t done much. It’s also not clear if Neumann fans like a16z will also get their money back.

Flowcarbon is not the same as Neumann’s private real estate company, Flow, which a16z has also helped fund.