Andreessen Horowitz's investment into Adam Neumann's new real estate company shows the industry is doomed

Andreessen Horowitz just invested millions in Adam Neumann’s new company — and senior correspondent Linette Lopez says it’s a sign the industry is doomed.

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Andreessen Horowitz's investment into Adam Neumann's new real estate company shows the industry is doomed

Ryan Muir for The New York Times via Getty Images; IStock; Vicky Leta/Insider

1. Are we on the brink of a VC apocalypse? Senior correspondent Linette Lopez believes we could be. In her latest piece, Linette argues that Andreessen Horowitz’s $350 million investment into Adam Neumann’s new real estate company shows the industry is doomed.

  • This week, Marc Andreessen announced a massive investment in Flow, a new real-estate company from Adam Neumann, the controversial founder behind WeWork.
  • The idea is, essentially, a rebrand of a venture Neumann launched during the WeWork days, WeLive. Much like WeLive, Flow will own and manage apartments that come with Neumann’s special, culty touch, Linette writes. 
  • Andreessen’s investment, she continues, demonstrates that he isn’t actually interested in solving America’s housing shortage — and money that could be used to create something productive for society will be wasted.

Read her full analysis here.

Andreessen Horowitz's investment into Adam Neumann's new real estate company shows the industry is doomed

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Odds and ends:

Andreessen Horowitz's investment into Adam Neumann's new real estate company shows the industry is doomed

Anadolu Agency / Contributor / Getty

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    Curated by Jordan Parker Erb in New York. (Feedback or tips? Email jerb@insider.com or tweet @jordanparkererb.) Edited by Hallam Bullock (tweet @hallam_bullock) in London.

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