"You don't judge a person by the worst thing that ever happened to them," Horowitz said on "Lenny's Podcast."
"We got called everything from stupid to sexist to racist to this and that for literally just funding Adam,"
"I think it's going to end up being one of the best investments we ever made. He's doing a phenomenal job there."
"Flow seeks to do for apartment dwellers what WeWork did for workers - creating spaces that welcome community through branding and perks."
Adam Neumann resigned as WeWork CEO in 2019 after a failed IPO raised questions about his leadership and spending. Three years later, Andreessen Horowitz invested a reported $350 million in Neumann's residential startup, Flow. The investment generated swift backlash, including claims that a startup valued at $1 billion before launching a product was likely a scam. Ben Horowitz called the deal the firm's single most controversial investment and defended funding Neumann, arguing people should not be judged solely by their worst mistakes and predicting strong returns. Flow aims to translate a community-focused, branded model to apartment living.
Read at Business Insider
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