[msoad]

My guess:

A network of apartment complexes across the country that you can own equity in the entire enterprise instead of one single home. You can "freely" move between the apartments without having to go through financing etc.

This can be interesting with a massive capital and enough time to build out the network but seeing this cocaine addict's name in the mix make me feel this is going to fail fast. Real estate is a slow industry, VC money doesn't have patient for it

[s1k3]

Lot of people dunking on Neumann here. But the space is very interesting and certainly there is a market need.

No one seems to understand that Neumann built a massively successful company, because they watch the documentaries and think he’s a scumbag for failing to deliver an IPO.

[mtalantikite]

I don't know, taking $22 billion to make a company worth $4 billion doesn't seem that impressive. It's just office space at the end of the day, what's so interesting about that? He just was able to grift his way into a fortune is what I see as the impressive part.

[cma]

Wasn't he the guy that had the company license the trademark from himself privately, lease his own privately held properties and stuff? It was all very close to embezzlement if I'm remembering the right company.

[dpflan]

Speculation: I feel like that’s some of underlying value for the valuation, real estate, most likely owned by this known self-dealer.