{"id":4203,"date":"2025-02-06T03:47:18","date_gmt":"2025-02-06T03:47:18","guid":{"rendered":"https:\/\/site.itshrt.com\/worldnews\/andreessen-horowitz-defends-hiring-daniel-penny\/"},"modified":"2025-02-06T03:47:18","modified_gmt":"2025-02-06T03:47:18","slug":"andreessen-horowitz-defends-hiring-daniel-penny","status":"publish","type":"post","link":"https:\/\/site.itshrt.com\/worldnews\/andreessen-horowitz-defends-hiring-daniel-penny\/","title":{"rendered":"Andreessen Horowitz Defends Hiring Daniel Penny"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<\/p>\n<div data-testid=\"companionColumn-0\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">Partners at Andreessen Horowitz, the blue-chip venture capital firm in Silicon Valley, defended to investors their decision to hire Daniel Penny, a Marine veteran <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2024\/12\/09\/nyregion\/daniel-penny-not-guilty-jordan-neely.html\" title=\"\">acquitted on a charge of criminally negligent homicide<\/a> last year, according to an internal memo viewed by The New York Times.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Andreessen Horowitz, the memo said, is most likely the largest investor of public safety and defense venture capital in the country, and \u201cas result, we spend a lot of time with active-duty military, veterans, chiefs of police, sheriffs; these relationships are critical to the success of our companies.\u201d<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Mr. Penny\u2019s \u201cmilitary veteran experience can be helpful in continuing to build these relationships, and many of our public safety and defense founders and partners have shared a similar sentiment,\u201d said the memo, which was sent on Wednesday by Jen Kha, the firm\u2019s head of investor relations.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">The firm told employees on Tuesday morning that it had hired Mr. Penny. David Ulevitch, an investment partner, said in a separate memo that he had been introduced to Mr. Penny last year and that the veteran had acted with \u201ccourage in a tough situation.\u201d<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-1\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">Mr. Ulevitch asked Mr. Penny to join the firm\u2019s American Dynamism investment team, which focuses on the aerospace, defense and manufacturing sectors.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Mr. Ulevitch added that he had conducted \u201cinvestigations and interviews\u201d with Mr. Penny and believed that Mr. Penny had behaved \u201chonorably and appropriately given the chaotic and dangerous circumstances\u201d on the subway, the memo said.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Soon after the hiring became public, partners at the firm began receiving messages from outsiders and limited partners expressing concern, said two people familiar with the messages, who spoke on the condition of anonymity.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Some of the people asked why Mr. Penny was being hired with no investment experience, while others expressed concern that his highly politicized trial would draw undue attention to the firm.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">A spokesperson for Andreessen Horowitz did not immediately respond to a request for comment. A lawyer who represented Mr. Penny during the trial declined to comment on Wednesday.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-2\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">Partners at the firm, including the co-founder Marc Andreessen, supported President Trump in last year\u2019s election. Some have also gravitated toward right-leaning figures, including Mr. Penny, who was embraced by conservatives during his trial.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">A former architecture student, Mr. Penny was <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/video\/nyregion\/100000008904543\/daniel-penny-jordan-neely-surrender.html\" title=\"\">charged in 2023 by the Manhattan district attorney\u2019s office<\/a> with manslaughter and criminally negligent homicide after a video of him fatally choking another passenger, Jordan Neely, on the subway circulated online.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Mr. Neely, 30, had boarded a northbound F train at the Second Avenue station and immediately began to scream at passengers, witnesses said, about wanting to return to jail and not caring if he lived or died. Mr. Penny approached him from the back, <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2023\/05\/05\/nyregion\/jordan-neely-chokehold-death-subway.html\" title=\"\">put him in a chokehold<\/a> and took him to the floor.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">A four-minute video recorded by a bystander quickly spread online, showing the men struggling on the floor of the subway train. Mr. Neely, who had struggled with his mental health for years, died.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">In December, jurors deadlocked on the most serious charge Mr. Penny faced, manslaughter, and <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2024\/12\/06\/nyregion\/daniel-penny-jordan-neely-chokehold-trial.html\" title=\"\">the judge dismissed it<\/a>. Jurors then considered criminally negligent homicide and acquitted Mr. Penny.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-3\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">For some, the case epitomized their concerns over homelessness, mental illness and crime in New York City. Others saw Mr. Neely as someone in need of help in a city that lets its most vulnerable slip through the cracks. <\/p>\n<p class=\"css-at9mc1 evys1bk0\">The Andreessen Horowitz memo acknowledged strong opinions about Mr. Penny, but added that \u201cwe believe there is long-term value in expanding our network in collaboration with Daniel and are excited to have him as part of our team.\u201d<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.nytimes.com\/2025\/02\/05\/technology\/daniel-penny-andreessen-horowitz-investors.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Partners at Andreessen Horowitz, the blue-chip venture capital firm in Silicon Valley, defended to investors their decision to hire Daniel<\/p>\n","protected":false},"author":1,"featured_media":4204,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[1048,123,1781,1816,1780,1354],"class_list":["post-4203","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-andreessen-horowitz","tag-computers-and-the-internet","tag-daniel-j","tag-hiring-and-promotion","tag-penny","tag-veterans"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ 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