WeWork founder Adam Neumann is back, and he’s starting another real estate company.

Flow, which will focus on making residences into workspaces, already raised $350 million from billionaire Marc Andreessen’s a16z. Neumann said the new venture will either compete with WeWork or partner with it at Fortune’s Brainstorm Tech conference in Deer Valley, Utah.

Given the spectacular fall of WeWork—and Neumann’s departure—many are surprised he received such a huge investment for a very similar-sounding company.

But in an interview with Fortune’s Michal Lev-Ram, Neumann insisted he has learned from his mistakes.

00:00 - Intro
01:07 - WeWork's Biggest Mistakes
04:16 - WeWork's Non-Compete Expiration
04:53 - Introducing Flow
06:27 - Will Flow Compete With WeWork?
07:12 - Flow's Business Model
09:10 - Marc Andreessen's $350 Million Investment
12:56 - Outro

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