Seriously?

After its IPO imploded in one of the most spectacular failures since Juiciero, I kind of figured that Adam Neumann's days of being a darling or the venture capital crowd was over.

To quote Humphrey Bogart in Casablanca, "I was misinformed."  It appears that the "Geniuses" at Andreeson Horowitz have decided that Neumann's latest meth addled fever dream is a good place to put their money.

How could anyone in their right mind do this?  Unless your goal was to ensnare unsophisticated rubes and cash out before the bezzle collapses, what possible reason ……… Oh, now I get it:

Venture-capital firm Andreessen Horowitz is investing in Flow, a real-estate startup led by former WeWork executive and co-founder Adam Neumann.

The firm, known as a16z, is investing $350 million in Flow at a valuation above $1 billion, said a person familiar with the matter, making it one of the largest-ever investments for an early-stage startup. Flow was founded earlier this year.

Co-founder Marc Andreessen said in a blog post that Flow would seek to address problems in the rental-housing market, which he described as the inability for renters to own equity in their homes and a lack of social bonding between neighbors.

Mr. Neumann previously tried to reinvent work by adding a vibrant social community to shared office space as chief executive of WeWork. The company soared to a $47 billion valuation before pulling its planned public listing in 2019 amid mounting concerns over its financial state and Mr. Neumann’s management style. WeWork went public in October and is now trading at a market capitalization of $4 billion.

This is EXACTLY the same scam that Neumann ran at WeWork, jump into an existing and mature market, but use new age bullsh%$, such as WeWork's vegan only snacks and kombucha, to secure enough VC money to monopolize the space, and then change monopoly rents.

………

In a July trademark-application filing, an entity affiliated with Flow described its services as including cryptocurrency trading, providing an online social-networking platform, real-estate development, and temporary accommodations. It couldn’t be determined how Flow plans to incorporate cryptocurrency into its business.

As if it could not be any more obvious that this is a transparent fraud, they are adding cryptocurrency to the mix.

If we had meaningful fraud and RICO enforcement against the Banksters, Andreeson and Horowitz would both be making license plates in prison, because they have been doing the same pump and dump fraud for decades..