a16z stands by decision to hire Daniel Penny

Andresen Harovits Daniel Penny is protecting the decision to hire, showed by investors’ memo New York TimesThe

Initiative The creation of a stir It will appoint Penny after the announcement earlier this week, who was released last year to stop a homeless man in New York City’s subway.

Former marine penny, no investment experience. The company says he will work on his American dynamism squad, which focuses on the government and defense. The firm also says that it will teach him how to invest.

The company, which is seen by The New York Times, says it is “active duty military, veteran, police chiffs, sheriffs,” and these relationships are “important for our companies’ success.”

The memo has continued, “We believe Daniel has a long -term value of expanding our network with the help of Daniel and pleased to get him as part of our team.”