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$542 million! I'm used to big numbers from following the tech startup world but this seems huge. How many other half-a-billion dollar investments in tech are t
by josefresco 12y ago
$542 million! I'm used to big numbers from following the tech startup world but this seems huge. How many other half-a-billion dollar investments in tech are there?
Doing some Google research, I found some lists of top VC deals:
http://www.entrepreneur.com/article/233632 http://www.entrepreneur.com/article/233632
http://venturebeat.com/2012/12/28/top-venture-capital-deals-2012/ http://venturebeat.com/2012/12/28/top-venture-capital-deals-...
Looking quickly at the numbers, it does seem that this deal was relatively large.
- trishume 12y agoIf this technology is as powerful as it claims to be, I could easily see Magic Leap eclipsing Apple as the most valuable company in the world as long as they hold those patents. I suspect their strategy for finding investors is like this: 1. Potential investor is incredulous about the company's value 2. Investor gets a demo of their technology, and it's mind-blowingly amazing. 3. Investor asks them to name any price and gets out their checkbook, knowing that this has the potential to be the biggest invention of the century.
- oh_sigh 12y agoConsidering FB bought oculus rift for $2B, $542M seems about the right ballpark for this line of technology.