There is so much wrong with this story.
Apart from someone like Adam Neumann rising again …. it’s the old VC trick again…
The 350 Million ‘values’ the company at 1 billion - and so far it has done nothing. But of course - if you put 350 million in - and get - say 30 to 35% of the company in return - then the whole company MUST be worth over a billion … right?
Andreesen himself is of course hot on property … so this is right in his wheelhouse.
His father-in-law: John Arrigala - who passed earlier this year is famous in the valley for being the guy that owns ‘all the property’ that these businesses are built on.
Beyond that - following in the footsteps of Oracle’s Ellison … he has been buying up Malibu property … last year - in the space of three months - he spent around 1/4 billion on THREE properties in Malibu.
Of course - his main house is in Atherton (the most expensive zip code in America), just down the road from his father-in-law’s estate in Portola Valley.
Carry On.