Within the crypto industry, which has had no lack of outlandish personalities and shameless hucksterism, Neumann’s past does not seem to be raising many concerns. He’s “a world-class founder,” says Michael Anderson, co-founder of crypto venture-capital firm Framework Ventures. After all, one of Neumann’s indisputable strengths is building hype: He raised billions from investors for WeWork and turned straightforward real estate subleasing into a headline-grabbing business adventure.
After a striking boom, the digital asset industry has been besieged this year by steep drops in token prices and dwindling interest from venture capitalists. It could use some of Neumann’s swagger right now. “If he can build something as big as WeWork again, I think that will be really positive for our industry if there is an element of Web3,” says Anderson.
‘Enforcement 40’ for 2020
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