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I dunno. I just view it all as a spot of gambling. All the 2.4 billion sunk in to Magic Leap didn’t prevent any of the other things you mentioned from happeni
by TheSpiceIsLife 6y ago
I dunno.
I just view it all as a spot of gambling.
All the 2.4 billion sunk in to Magic Leap didn’t prevent any of the other things you mentioned from happening.
Could it have been better allocated? Perhaps. But who am I to tell others what to do with their money?
I’ll leave that up to the Snake Oil salesmen, politicians, and marketing-types.
- JumpCrisscross 6y ago> the 2.4 billion sunk in to Magic Leap didn’t prevent any of the other things you mentioned from happening Opportunity cost is real. That capital could have funded other projects. The engineers could have worked on real research. The marketing team could have been promoting something that mattered. Yes, this is principally the backers’ loss. But that doesn’t preclude broader costs .
- darawk 6y agoThere's no shortage of capital floating around, though. In fact, the surplus of capital is probably what caused an investment this bad in the first place. There is no shortage of funding for good ideas. The shortage is in the idea space.
- TheSpiceIsLife 6y agoThis cuts both ways. The resources were allocated to something fairly innocuous, rather than to something potentially detrimental.