As I said when there was speculation into an investment this size by Google, etc into Magic Leap:
An investment this size isn't designed to get "VC-size" (10x) returns. It is designed to block competitors getting access to the technology before Google.
The 10x factor generally only applies to early stage investments, VCs making later stage investments tend to need smaller returns because there's less risk involved.
An investment this size isn't designed to get "VC-size" (10x) returns. It is designed to block competitors getting access to the technology before Google.