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Axios
Axios
Technology

Tech's cult of the founder bounces back

Adam Neumann Marc Andreessen Andreessen Horowitz WeWork Silicon Valley

WeWork founder Adam Neumann's score of a gargantuan new venture-capital investment shows that Silicon Valley's love affair with free-wheeling, big-spending startup founders remains hot — even in a down market.

Driving the news: Andreessen Horowitz announced Monday it would fund Neumann's Flow —a real-estate venture aimed at "disrupting" the residential real-estate rental market the way WeWork set out to reinvent commercial office space — to the tune of $350M.

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