> In August 2022, Andreessen Horowitz (A16z) announced its newest investment: It would put $350 million into a company called Flow, which "aims to create a superior living environment that enhances the lives of our residents and communities" — in other words, rental real estate. The company was founded by a charismatic Israeli-American named Adam Neumann. If the name sounds familiar, it's because Neumann was also the founder of WeWork — a company that was once worth an estimated $47 billion before imploding spectacularly amid accusations that Neumann had, among other things, taken a "sizable chunk" of weed across international borders on a private jet, fired a pregnant employee, and — most importantly — expanded far too quickly, leading to enormous annual losses.
Was this ever addressed by anyone at YC directly? I've heard Andreeson talk about it but never answer the simple question: this guy was extremely irresponsible and unethical, why would you trust him again?
I can't help but feel it worsened their reputation, at least to the normie. Just makes it look like VC is just a big game where if you're in, it doesn't matter much what you do.