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WeWork’s Adam Neumann Gets Backing from Andreesen Horowitz
- dimensionc132 4y agoWhat could possible go wrong
- senttoschool 4y agoIs A16z a meme VC fund now?
- ingenieros 4y ago.---. / | \_\ / / ._\ @ ¬@ \ |: / / / \ \ / \/ (Always has been) `---´
- floatinglotus 4y agoApparently his history of self-dealing and messianic-hyperbole is valuable to them.
- sangnoir 4y agoWell, he successfully "created value" in commercial real estate and had a massive exit. They are confident of a repeat feat in residential real estate.
- floatinglotus 4y agoHow did he create value? They took in $22B and the company is now worth about $4B. Explain this value creation to me.
- Axsuul 4y agoNot trying to be facetious but value on paper does not automatically translate to value in the real world. You can throw billions at a problem and not end up creating any net value. It happens all the time (ahem, government). But to answer your question, I do think thousands of companies and individuals have gotten immense value by choosing to do their work at WeWork.
- sangnoir 4y agoHe "created" value for himself and early-stage investors by taking it from investors who joined the train late (Softbank, IIRC). You will note that a16z is an early-stage investor in Flow
- Daffodils 4y ago
- Apocryphon 4y ago> The investment, the largest individual check Andreessen Horowitz has ever written in a round of funding to a company, values Flow at more than $1 billion before it even officially opens its doors. This seems imprudent when considering a founder with such a history.
- notlukesky 4y agoThe best tweet on the deal exposing the hypocrisy of Marc Andreesen: https://twitter.com/nextdoorsv/status/1559202878203449344 https://twitter.com/nextdoorsv/status/1559202878203449344