How a16z investment in Adam Neumann solidifies the ‘concrete roof’ – TechCrunch
It was Fundraising has been heard around Twitter.
Adam Neumann, the infamous entrepreneur behind WeWork, has raised a staggering $350 million from Andreessen Horowitz for a yet-to-be-taken real estate company called Flow. The investment gave Newman’s latest project a valuation of more than $1 billion, The New York Times reported, and came amid what is supposed to be a pullback for investors in a bear market.
It’s the largest single a16z check ever written and the second time the company has supported a company Newman founded this year.
There is no need to paraphrase everything Newman got wrong; AppleTV+ has already done just that in the mini-series “WeCrashed”. His disastrous tenure at WorkWork earned him a reputation for mismanaging workers and led his company to a disastrous initial public offering. However, he came out with an exit package worth almost $1 billion. He failed, and the announcement of his a16z round was a reminder that he still failed.
“News [of Neumann’s raise] It wasn’t shocking to me,” Nicole Tenson, founder of the HBCU 20×20 embedding platform, told TechCrunch. “I really expected this because discrimination in funding is no different from discrimination in any means.”
One cannot outperform off-network education and internalize the methodological barriers designed to discriminate against them.
The news puts reality in a harsh light, the breaking point for many. Women are tired of glass ceilings being shattered. Their hands were cut from the falling splinters. Some founders are also weary from swinging in the concrete ceiling, where gender, ethnic, and socioeconomic conditions often combine to create a discriminatory barrier so strong that it cannot shatter like glass; It is as strong as concrete and must be painstakingly drilled.