> we love seeing repeat-founders build on past successes by growing from lessons learned," Andreessen wrote. Neumann's success was really developing a hype mach

> we love seeing repeat-founders build on past successes by growing from lessons learned," Andreessen wrote. Neumann's success was really developing a hype machine and getting money from investors into his pockets. Color me extremely dubious that this will end up being a good deal for the renters, unless they're the very high end ones. To generate VC-worthy returns, there needs to be a significant cash extraction from the renters. VCs will care about value when the company goes public or gets acquired, the valuation could total fluff to that point but there needs to be a better profit for this venture over traditional real estate or it's not particularly attractive. The delta between reality-distortion valuation and real-reality valuation is what got Adam his platinum parachute the first time around. I suspect the innovations are about monitoring the denizens and monetizing the data. But, open mind, there may be innovations around how apartment buildings get tied to infrastructure, to the other resources of the city, to maintenance, energy, disposal services that provide efficiency without acting like a landlord.