I agree with all your observations. But Magic Leap can't be understood as a scummy company in an otherwise healthy industry. There are --so many-- SV startups t

I agree with all your observations. But Magic Leap can't be understood as a scummy company in an otherwise healthy industry. There are --so many-- SV startups that raise money on hype they can't possibly deliver on, but VCs and founders get rich anyway. LP money gets incinerated, but they're the 'dumb money' anyway so nobody cares.