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How is this possible? Unless they invented literal world changing technology (they haven't) how are they able to do this? No product, no public demos, what exac
by deft 9y ago
How is this possible? Unless they invented literal world changing technology (they haven't) how are they able to do this? No product, no public demos, what exactly have they done?
- Whiteskin_Kanye 9y agoThat's what I thought too. Now I am pissed I missed out
- toomuchtodo 9y agoConfidence + hype. You're not selling a product, you're selling a dream to investors.
- dqpb 9y agoSome people have gotten demos. From their point of view there is not "no product". Presumably the extent to which they've invested reflects the extent to which they believe magic leap has "invented literal world changing technology"
- hajile 9y agoThey've been in the vape business for a while now. Really smart people often have trouble recognizing their blind spots. The result is that smart businesspeople who are't very tech savvy think they are after seeing a slick demo and pour money into bad projects.
- posixplz 9y agoThe vape business? What product are you referring to, as I'm not familiar with anything they produce related to vapes. It's my understanding that they do not offer any consumer or b2b products at this time.
- jeff_petersen 9y agoVaporware
- posixplz 9y agoAh, vape in the olden sense. Before these infernal kids came along with their juices and atomizers.
- deleted 9y ago[deleted]
- mljoe 9y agoI can tell you that it would have horrible effects in the VC industry and AR/VR specifically if it turns out to be a huge boondoggle.
- bobsil1 9y agoNo revenues is exactly why it's possible.
- letlambda 9y agoThey've begun to cover the ground of immersive AR in patents. Maybe that's the value investors are seeing.
- rhino369 9y agoEither great salesmen/hypemen or their private demos are facemelting.
- WillReplyfFood 9y agoIts the chance to wrap the world in another layer of data, surplanting whoever currently holds acces to the user with another device- and squeezing all those who are engulfed in your reach to become organelles of your ecosystem.
- aey 9y agoThey probably have some awesome demos that require a 10 pound wired headset connected to a renderfarm. Of all the companies, good for them for raising more. A moonshot to build the metaverse is what a tech startup should be.
- new299 9y ago> Of all the companies, good for them for raising more. A moonshot to build the metaverse is what a tech startup should be. I somewhat agree, but wouldn't it create a better environment funding 10 or 100 smaller startups? I know you can argue that "this is just how much it takes to do this". But in my opinion it's more likely that you could reach your goal funding 20 companies with 100MUSD (which is still a huge amount of money, even if you're doing custom silicon).
- othersideofcoin 9y agoAre there 20 companies worth funding to that amount? I dont imagine you or I can determine.
- deleted 9y ago[deleted]