[Vipsy]

Its astonishing that Adam Newumann was able to raise hundreds of millions for Flow after all he did at WeWork. At this point you wonder, if VCs are also complacent in these scams. Are they together in scamming the LPs?

[sangnoir]

> Its astonishing that Adam Newumann was able to raise hundreds of millions for Flow after all he did at WeWork

I'm not astonished: WeWork made VCs lots of money - not counting SoftBank as they were the unsophisticated marks/bag holders.

[TheOtherHobbes]

I'm fairly sure Vision Fund is just a money laundering operation. It takes talent to have such an unbroken record of investment failure.

[vernon99]

Not LPs, but later stage VCs and private equity. It’s a game of musical chairs, you just need to be early in. And A16Z are experts in this, with all their investments in crypto. Def not great for their rep and I’d never raise from them because of this btw.

[EdwardDiego]

Given a16z's presence in crypto, I reckon so.

Although to be fair, they seemed to be interested in scamming true crypto believers in that space, more than their partners, they'd get a bunch of shitcoins in the ICO and then offload them asap.

[lolbase]

a16z viewed Neumann very positively, to the point that they asked potential CEOs what they thought of Neumann, and the "correct" answer was to be empathetic that he took a huge swing of the bat.

[Cookingboy]

If that's true, then it's kinda gross tbh.

What's their advice to Neumann this time?

"I hope you are more discreet this time so your scam lasts long enough for us to exit"???

[brohee]

More than complacent, complicit.