A nonexhaustive itemizing of why Marc Andreessen and Adam Neumann have misread America’s housing factors
When Marc Andreessen introduced that he was sinking $350 million of a16z retailers’ money proper into a mannequin new enterprise by WeWork co-founder and former CEO Adam Neumann, an unbelievable deal of jaws dropped. For one, there was the massive sum and equally massive valuation for a agency that, as of as we converse, owns a pair of thousand rental models.
Then there have been the claims that circulation might assist resolve inequality, anxiousness, loneliness and numerous utterly different social ills. Neumann’s ideas for circulation, Andreessen mentioned, are “not lacking in imaginative and prescient or ambition, however solely tasks with such lofty targets have an alternative at altering the world.”
That’s idealistic rhetoric, even by the requirements of Silicon Valley.
one factor didn’t really feel proper to us. sure, there was the Neumann situation. however there was one factor extra. Neumann and Andreessen had been making an try to denationalise the neighborhood. right here’s why we anticipate that’s not such an unbelievable thought.
There are some factors that enterprise capital can resolve. for event, I discover it pretty good that I can get a experience house from a vetted stranger if I’m out alone late at night and don’t really feel comfy strolling to the subway, then transferring to a bus to get house.
however therein lies the crux of the draw again: What if public transportation was merely simply elevated? What if I didn’t want to get hold of out between dropping $25 on an Uber and strolling quarter-hour to the subway, standing alone underground, using the subway, getting out, ready for the bus outdoors alone, then taking the bus house at midnight?
By the identical notion, Adam Neumann’s circulation wishes to resolve what investor Marc Andreessen calls a housing disaster.