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Former WeWork CEO Adam Neumann’s climate/crypto/carbon-credit startup Flowcarbon seems to be facing challenges, according to a report by Forbes. Customers who purchased the company’s “Goddess Nature Token” have allegedly been approached for refunds in the past month, with the condition of signing a confidentiality agreement and releasing any claims against Flowcarbon. The company attributed this refund process to market conditions in the carbon credit industry.
Uncertain about the company’s achievements since its establishment in 2022, questions remain regarding potential refunds for investors, including backers like a16z. Flowcarbon, distinct from Neumann’s real estate venture Flow, has also received funding from a16z.
