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An $8 Billion valuation on a company that: - Has no products. - Has done no public, verifiable demos of real tech even. - Has no verified technical
by ebbv 9y ago
An $8 Billion valuation on a company that:
- Has no products.
- Has done no public, verifiable demos of real tech even.
- Has no verified technical innovations even as far as I know.
Something is seriously, seriously wrong in the valley^H^H^H^H^H^H tech investment world.
Edit: Clarification since Magic Leap isn't a valley start up.
- AndrewKemendo 9y agoThe ML HQ is in FL, and their investments are overwhelmingly from corporate venture. Other than an office on the peninsula, and Sundar on the board there is nothing Silicon Valley about them.
- ebbv 9y agoOk I will reword; there's something very wrong in the tech investment world. I'll edit the post.