This story has the best and worst of the current SV environment in one. On one hand, it's amazing to see that the boundaries of technology are moving so fast t

This story has the best and worst of the current SV environment in one. On one hand, it's amazing to see that the boundaries of technology are moving so fast that someone could come along a year after Oculus makes big news with something that might blow them out of the water (according to marketing hype). On the other hand, $500M for an unlaunched startup with no users is crazy. That money could be stretched so far in so many ways and it's being dumped into a company without a dime in revenue. There is clearly no attempt to be 'lean'. It's hard to believe that they really 'need' $500M to develop this new tech, they're not flying to space and they're not pushing a medical device through FDA trials. I guess the best thing to do is sit back and watch.