Too Long; Didn't Read
Is Tech’s new found love for physical assets justified? Yes, but only in certain scenarios. As customer usage patterns evolve and opportunities to create large asset-light businesses diminish, there is a newfound interest around full-stack businesses. These businesses have built (or are building) demand on top of physical assets that sit at the core of their day to day. This classification includes businesses such as Amazon, WeWork, Sonder, b8ta, etc., and excludes businesses like Opendoor which hold physical assets for the short term as part of a transaction.