A never-ending list of why Marc Andreessen and Adam Neumann read about America’s housing crisis
When Marc Andreessen When WeWork founder and former CEO Adam Neumann announced that $350 million of a16z investors’ money was going into the new venture, many jaws dropped. For one, as of today, a company that owns a few thousand rental properties had a large sum and an equally large valuation.
Then there were questions about how flow can help solve inequality, stress, loneliness, and many other social problems. Newman Flow’s ideas, Andrese says, “do not lack vision or ambition, but only projects with such lofty goals have the potential to change the world.”
Even by Silicon Valley standards, that’s an idealistic statement.
We didn’t feel something. Yes, there was the Newman factor. But there was something more. Neumann and Andresen were trying to privatize the neighborhood. Here’s why we think that’s not a very good idea.
There are some problems that investment capital can solve. For example, if I’m out alone at night and don’t feel comfortable going to the subway, then transfer to the bus to get home, I find it great to be able to walk home from a stranger.
But what if the crux of the problem is just public transportation? better than? What if I didn’t have to decide between dropping $25 on an Uber and walking 15 minutes to the subway, standing alone in the subway, getting on the subway, getting off, waiting outside for the bus alone, and then taking the bus home at midnight?
In a similar vein, Adam Neumann’s flow seeks to solve what investor Marc Andreessen calls the housing crisis.