Re:Adam Neumann’s latest big idea? To become America’s bigge...
by WheelsAtLarge on Sunday August 21, 2022 @01:47AM
(#32537723)
A16Z know the story behind WeWork. They are now investing in Neumann's new venture. Seem like they were satisfied with WeWork's outcome. Why are they risking their money? They know that Wework went from 0 to a multi billion dollar company that continues to function even after all the commotion.
I'd say A16z's investment has a great chance of hitting it big.
Re:Adam Neumann’s latest big idea? To become America’s bigge...
by streetcat1 on Saturday August 20, 2022 @11:41PM
(#32537210)
Its not crazy, its actually means that they are going down the risk curve. When you create a rental / real estate company, does it really matter who is at the top?
Questionable Business ethics and personality issues aside, it is not unreasonable that investors would bet on him again.
Yes, even with the failed IPO.
If those investments continue to yield fruitless bets over a finite timeline they will fail.
If their LPs have a problem with this they can take it up with the fund.
I'd say A16z's investment has a great chance of hitting it big.