To not be outdone by means of the go back of his former rival, Amol Sarva is resurfacing with an audacious challenge of his personal.
Sarva, who become recognized in the true property global because the co-founder of Knotel, is likely one of the founders in the back of Existence Extension Ventures, TechCrunch reported. Existence Extension Ventures is a $100 million fund with plans to again corporations specializing in the science of “longevity for folks and [the] planet.”
The fund is all in favour of discovering tasks in folks, animals, agriculture, meals, power and transportation. AI, direct-to-consumer, web3, infrastructure-as-a-service, platforms and marketplaces also are at the desk.
Sarva studied cognitive science at Stanford and Columbia universities. He additionally made earlier angel investments in DNA databank Galatea Bio, automatic mobile morphology corporate DeepCell and API platform Particle Well being.
Existence Extension Ventures, primarily based in New York, is co-founded by means of Pixable and CoverWallet founder Inaki Berenguer.
Sarva’s flex-office supplier as soon as rivaled WeWork, however was once in the end accomplished in by means of the pandemic. Even sooner than national lockdowns, leasing was once losing and vacancies have been emerging, diminishing the potentialities for an organization valued at $1.6 billion in August 2019.
Knotel filed for Bankruptcy 11 chapter ultimate 12 months and set a transaction in movement to be bought to Newmark Crew. On his approach out the door, Sarva took photographs at his corporate’s new overlords, accusing the brokerage of the use of the chapter procedure to take over and destructive corporate relationships.
“The method made transparent to me that I might now not make a choice to be a part of the brand new homeowners’ approach of shifting ahead,” Sarva wrote in a letter. “Most effective to substantiate that judgment, they’ve actually employed a gaggle of Adam Neuman[n]–technology WeWork bros to steer the corporate ahead.”
That parting shot on the WeWork co-founder makes the timing of Sarva’s exposure push for Existence Extension Ventures much more attention-grabbing. Project capital company Andreessen Horowitz introduced previous this week it was once making an investment $350 million in Go with the flow, Neumann’s multifamily marketplace challenge.
Go with the flow is valued at greater than $1 billion, regardless of now not formally launching but.
— Holden Walter-Warner
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