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But we saved everything 🙂.
Harry Stebbings discussed why venture capital firm a16z invested $300 million into Adam Neumann. Stebbings referenced a conversation with a prominent real estate figure amid the WeWork crisis, highlighting the enduring interest in Neumann despite past controversies.
Details about the rationale behind a16z's investment and further statements from the real estate legend were not disclosed in the available excerpt.
Stebbings has recently highlighted volatility across SaaS valuations, noting the drop in Monday's valuation from $15 billion to $3.8 billion. He has also questioned whether vertical SaaS firms can achieve $10 billion outcomes under current VC fund sizes. These interviews reflect his ongoing focus on private market dynamics.