It’s hard to comprehend what would compel Andreessen Horowitz, the esteemed Silicon Valley venture firm, to entrust Adam Neumann with a fresh $350 million to try to play his part in solving the nation’s housing crisis. It was only three years ago, of course, that Neumann presided over the implosion of WeWork, his kibbutz-inspired coworking concept, that incinerated tens of billions of dollars in the process. In the words of a16z co-founder Marc Andreessen, this spectacular failure simply represented an invaluable “lessons learned” opportunity along Neumann’s journey of disruption. To others, Marc, it might sound like investing malpractice.
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