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TLDR; This seems to be the only new information in the article: I asked a few folks, and discovered that the company is raising funds again. The D round, I’m t
by sytelus 9y ago
TLDR; This seems to be the only new information in the article:
I asked a few folks, and discovered that the company is raising funds again. The D round, I’m told, isn’t locked up yet, but it will value Magic Leap at $6–8 billion. Once again, the Chinese e-commerce giant Alibaba will lead. (Alibaba’s executive chairman Joe Tsai sits on the board along with Google’s Sundar Pichai.)
- SimbaOnSteroids 9y agoI wonder what exactly they're showing to these investors. We as the public know nothing, but people keep poring in money.
- moomin 9y agoEven Theranos had an actual service.
- DonHopkins 9y agoMy theory is that they built a swimming pool with a thin surface that looked like a wooden high school gym floor, then bought a real whale to jump up through it. And they bread tiny little elephants, and children with really big hands, and combined them together. https://www.magicleap.com https://www.magicleap.com
- schoen 9y ago> tiny little elephants Tiny little lighter-than-air elephants.
- SimbaOnSteroids 9y agoI mean if they had the a semi working prototype of a device that was the HoloLens but more like a pair of RayBans then I could completely see investors just throwing money into the furnace with them but are they stuck on the sunk cost fallacy? What the hells happening in Ft. Lauderdale
- milquetoastaf 9y agoInvestors poured millions into a juicer too