Mad or Bad?

What Are They Thinking?

By Keith Teare • Issue #323

$350m for the man who lost most of $20 billion. The world has not gone mad. Read why Marc Andreessen (@pmarca) did it. Plus @ReidHoffman on AI, Josh Nicholson on Science and AI, @BrianSolis on Web3 marketing@Alexoppenheimer on valuing companies, and much more

Contents

Mad or Bad, What are they Thinking?

• A16z is betting big on Adam Neumann’s new real estate startup — Protocol @RyanDDeff
• The Rise of The Cash Man — @KWHarrison13
• Investing in Flow — @Pmarca

Essays of the Week

• The Revenue Multiple — @Alexoppenheimer
• When Low Valuations are Good — @Squire
• Why Web 3.0 will rewrite the concept of marketing — @Briansolis
• How to Build a GPT-3 for Science — Josh Nicholson
• Uniquity: DALL-E, NFTs, and the emergence of limited-edition abundance — @reidhoffman
• China’s Growing Trade Dominance in Latin America @visualcapitalist

Substack Week

• How I Built and Sold a Newsletter for 5 Figures — Jason Kelley
• Now piloting: Substack Threads — Substack
• Threads questions answered

News of the Week

• U.S. Streaming Tops Cable TV Viewing for First Time
• Apple tells staff to come into the office for at least three days a week — Variety
• Global private equity, venture capital deal value falls 63% in July
• Public Stock Held by Sequoia Capital, Andreessen and Bessemer Fell 44% in Second Quarter — The Information
• Tesla’s Shanghai Gigafactory made its millionth car

Startup of the Week

• Optic — NFT Validation
• Stride Ventures
• Ethereum (ENS) names

Tweet of the Week

Editorial

There was much surprise this week when Marc Andreessen announced his firm’s $350m investment into Flow, Adam Neumann’s newest venture. The…