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Marc Andreessen, cofounder and general partner at a16z, penned a note to investors on Monday explaining that he chose to invest in Flow because he views Neumann’s company as a “direct strike” at the current housing crisis that has come as the result of America “creating households faster than we’re building houses.”
Plans for the digital wallet were discovered by Forbes via a job ad posted by a recruiter who said the role involved a “groundbreaking venture that will be one of the largest implementations of blockchain in the economy, involving a multi-faceted approach that will be spearheaded by Adam Neumann.”