Andreessen Horowitz has just invested millions in Adam Neumann’s new company – and senior correspondent Linette Lopez says it’s a sign the industry is doomed.
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1. Are we on the brink of a VC apocalypse? Senior correspondent Linette Lopez thinks we might be. In her latest article, Linette argues that Andreessen Horowitz’s $350 million investment in Adam Neumann’s new real estate company shows the industry is doomed.
- This week, Marc Andreessen announced a massive investment in Flow, a new real estate company from Adam Neumann, the controversial founder of WeWork.
- The idea is, essentially, a renaming of a company that Neumann launched during WeWork days, We live. Much like WeLive, Flow will own and manage apartments that come with The special and cult touch of Neumannwrites Linette.
- Andreessen’s investment, she continues, demonstrates that he is not genuinely interested in solving the housing shortage in the United States – and the money that could be used to create something productive for society will be wasted.
Read his full analysis here.
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