THE LATEST: Earlier this year, Wallace shared Fifth Wall's plans to raise a $200 million Carbon Impact Fund to invest in innovative technology and business models aimed at helping the global real estate industry minimize and eradicate its greenhouse gas footprint from both existing and future buildings. In response to Covid-19's effects on the retail sector, Wallace wrote a blog post on Medium outlining his proposal for a $30 billion retail bailout centered on collaboration among landlords, the federal government and other stakeholders rather than a simple injection of cash.



BACKGROUND: Wallace and managing partner Brad Greiwe co-founded their Venice-based venture capital firm in 2016. Fifth Wall invests in technologies that can optimize and improve the experience of physical retail spaces and other real estate. The firm manages more than $1 billion in assets. Previously, Wallace co-founded workforce optimization data and analytics firm Identified and Latin American ride-sharing service Cabify. He has led investments in Lyft Inc., SpaceX, Dollar Shave Club Inc., Philz Coffee Inc., Clutter, Zenefits and Bonobos Inc.



YEARS ON THE LA500: 2