GDP drives fund allocation
SoftBank’s Justin Wilson explained that since real estate represents 17 percent of America’s GDP, it’s logical to allocate the same percentage of its $100 billion Vision Fund to the sector.
Notable investments include: WeWork ($4.4 billion), Katerra ($865 million), Compass ($450 million), and Lemonade ($120 million).
In his own words… Justin Wilson told Imnan: “When we look at businesses, we want to find opportunities of companies that are really leveraging data extensively and in everything that they’re doing. We want to invest in platform businesses. When we’re putting hundred-million, billion-dollar checks behind these companies, they have to have the potential to be very large businesses.”