A nonexhaustive record of why Marc Andreessen and Adam Neumann have misinterpret America’s housing issues
When Marc Andreessen introduced that he was sinking $350 million of a16z buyers’ cash into a brand new enterprise by WeWork co-founder and former CEO Adam Neumann, loads of jaws dropped. For one, there was the large sum and equally large valuation for an organization that, as of immediately, owns a number of thousand rental models.
Then there have been the claims that Stream might assist clear up inequality, nervousness, loneliness and quite a lot of different social ills. Neumann’s concepts for Stream, Andreessen mentioned, are “not missing in imaginative and prescient or ambition, however solely initiatives with such lofty objectives have an opportunity at altering the world.”
That’s idealistic rhetoric, even by the requirements of Silicon Valley.
One thing didn’t really feel proper to us. Sure, there was the Neumann issue. However there was one thing extra. Neumann and Andreessen had been making an attempt to denationalise the neighborhood. Right here’s why we expect that’s not such a terrific concept.
There are some issues that enterprise capital can clear up. For instance, I discover it fairly nice that I can get a experience residence from a vetted stranger if I’m out alone late at evening and don’t really feel snug strolling to the subway, then transferring to a bus to get residence.
However therein lies the crux of the issue: What if public transportation was merely simply higher? What if I didn’t must resolve 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 exterior alone, then taking the bus residence at midnight?
By the identical notion, Adam Neumann’s Stream desires to unravel what investor Marc Andreessen calls a housing disaster.