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People have been comparing magic leap to theranos for years but neglecting the major differences between the two. Magic leap will at least have a product out th
by Holomakerbot 9y ago
People have been comparing magic leap to theranos for years but neglecting the major differences between the two. Magic leap will at least have a product out that does not need to meet stringent FDA guidelines. Magic leap is not being sued by its own investors (they’ve had separate legal issues but not that). And magic leap is not shuttering it’s offices. They’ve revealed their product two months ago and are doing multiple public presentations in 2 weeks. It’s looking more and more likely that a product is actually coming to market and that investors gave them that sum simply because it’s a real product they see a future in.
- smt88 9y agoI agree. My point was only that "investors are giving them money" doesn't prove anything.
- Holomakerbot 9y agoWhile I somewhat agree, I also think that there is something to the argument that “investors have been giving them money for years”. At a certain point it becomes clear that those investors are probably wiser than the armchair critics who have no insight. I’m sure those investors have heard the criticism a million times before plunking down more cash. If there were a problem the investing would have stopped years ago.