Representatives for Circulation and Andreessen Horowitz didn’t instantly reply to requests for remark.
“Adam is a visionary chief who revolutionized the second largest asset class on this planet — industrial actual property — by bringing neighborhood and model to an business by which neither existed earlier than,” Andreessen wrote in his submit Monday. “Adam, and the story of WeWork, have been exhaustively chronicled, analyzed, and fictionalized — generally precisely. For all of the power put into protecting the story, it is usually underneath appreciated that just one individual has basically redesigned the workplace expertise and led a paradigm-changing world firm within the course of: Adam Neumann.”
It isn’t instantly clear how Circulation seeks to revolutionize the residential housing business. Circulation presently has a naked bones web site, with the slogan “Stay life in move” and two phrases stating it should launch in 2023.
Andreessen positioned the new firm as a long-awaited resolution to the nation’s “housing disaster.” He used a mixture of jargon-filled phrases — “community-driven, experience-centric service” — to elucidate how the new startup would “create a system the place renters obtain the advantages of householders.”
“We expect it’s pure that for his first enterprise since WeWork, Adam returns to the theme of connecting folks via reworking their bodily areas and constructing communities the place folks spend probably the most time: their properties,” Andreessen wrote. “Residential actual property — the world’s largest asset class — is prepared for precisely this modification.”