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Products consumers enjoy at home are getting a big bump, Startups relying utterly on the VC cash gravy train less so.
by throwaway2048 7y ago
Products consumers enjoy at home are getting a big bump, Startups relying utterly on the VC cash gravy train less so.
- alephnan 7y agoMy point is that the Magic Leap CEO made it seem like there is a lack of consumer demand for gaming / entertainment products, due to a lack of job / financial prospects during Covid-19.
- JakeTheAndroid 7y agoWhile there is absolutely a consumer market for gaming and entertainment, Magic Leap has nothing to offer in that space. The apps store they offer is very limited and it's mostly tours of locations, or design tools for making stuff that works with the spacial dimensions. They do not have any real games to play that the public at large would find fun for more than an hour or so. Their apps are like PoCs for what you can do with Magic Leap. If FF7R was on Magic Leap, I bet they'd be selling a lot more units and it'd be a great time for them. Instead, you're better off getting the Oculus or Valves VR where you have tons of actual games to play and support for streaming apps. There is no way for Magic Leap to capitalize on the consumer purchasing right now, because they don't have a catalog that supports the hardware to any meaningful degree. And they can't suddenly churn those things out in the space of a month since we've been hit with quarantine.
- ilikehurdles 7y agoI've heard that VCs are doubling down on their portfolios and avoiding new company investing. Maybe Magic Leap was just not looking all that great to its VCs and they'd rather focus their resources on companies that are more likely to come out of this pandemic as big winners.