‘We do our own research’: a16z GP on investing billions in Adam Neumann

The general partner of the firm shed some light on the firm's recent investments in Adam Neumann.

According to reports, Neumann's new real estate venture, Flow, was valued at $1 billion before it had even begun.

The largest check a16z had ever written for a single company and its second bet on a Neumann startup drew criticism. Neumann's track record at WeWork was less than ideal, with the company's value tanking from $47 billion to $8 billion and a reputation for mismanagement and poor treatment of employees.

The interviewer said that Neumann's track record was different from that of the founder of the firm.

One of the only people in the world who has built a real estate brand name is him.

The release of WeCrashed, an Apple TV+ show that depicted Neumann's rise, fall and exit from WeWork, followed the funding news in August. The show was inspired by actual events but did not purport to be a documentary.

There is a lot of information written about Neumann but we do our own research. We don't depend on books and movies for our diligence We did our own research and came to a different conclusion.

Tech industry reacts to Adam Neumann’s a16z-backed return to real estate