Controversial WeWork founder Adam Neumann is raking in massive amounts of investor cash for his new real estate startup — but some venture capitalists are cringing at the comeback plan.
After news broke on Monday that Neumann’s new residential real estate startup, Flow, had raised a reported $350 million from prominent venture capital firm Andreessen Horowitz at a valuation north of $1 billion, several tech investors and founders reacted angrily.
“THIS IS DISGUSTING,” Kate Braddock, CEO of the startup Switch and a general partner at the W Fund, wrote on Twitter.
Braddock noted that the investment is the largest single check in Andreessen Horowitz’s history — and slammed the investment firm for supporting a “straight white male” who’s the “founder of one of the most toxic companies we’ve seen.”
Before Neumann quit his job as WeWork’s CEO in 2019, he reportedly fostered a “frat party” atmosphere at the company with frequent smoking and drinking in offices. The company was also hit with allegations that its office culture fostered sexual harassment.
Braddock said that Andreessen Horowitz’s…
