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It's all about who's on their board and who they've raised money from. If they have relevant industry expertise on their board and have raised money from smart
by mevile 9y ago
It's all about who's on their board and who they've raised money from. If they have relevant industry expertise on their board and have raised money from smart investors like sequoia they probably have real tech. If they have bunch of dumb money and people who bring nothing technical to the board they're more likely to be another Theranos. Not having medical and science expertise and raising dumb money was part of Theranos' problem.
Having said that Magic Leap's investors are Google, Andreessen Horowitz and Qualcom. The board is comprised of Google's CEO and Qualcom's executive chairman.
That's all very impressive in my opinion.
- bobsil1 9y agoThe amount of your prior exit (Rony's $1.65B) ≈ amount you can raise for next (Magic Leap) :)