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Yes, but that's why healthcare investors stayed away from Theranos - that should have been a sign that the core tech wasn't workable. But MagicLeap had huge fu
by tannhauser23 9y ago
Yes, but that's why healthcare investors stayed away from Theranos - that should have been a sign that the core tech wasn't workable.
But MagicLeap had huge funding rounds led by Google and Alibaba. They presumably did their due diligence and involved people who know what they're doing. That suggests to me that MagicLeap is doing _something_ that's real. I'm gonna wait and see.
- jonny_eh 9y agoI suspect that Google Ventures isn't made up of engineers.
- haydenlee 9y agoI'm not sure what difference it makes but it was actually Google, not Google Ventures, that made the investment. > Google is placing a big bet on it: in addition to the funding, Android and Chrome leader Sundar Pichai will join Magic Leap's board, as will Google's corporate development vice-president Don Harrison. The funding is also coming directly from Google itself — not from an investment arm like Google Ventures — all suggesting this is a strategic move to align the two companies and eventually partner when the tech is more mature down the road. https://www.theverge.com/2014/10/21/7026889/magic-leap-google-leads-542-million-investment-in-augmented-reality-startup https://www.theverge.com/2014/10/21/7026889/magic-leap-googl...
- baybal2 9y agoIt is ironic to see that Sundar Pichay has degree in metallurgy and material science. I expected something better from him. For me, it is hard to believe to that a man with effectively a physics degree bought into that.