Some people have gotten demos. From their point of view there is not "no product".

Presumably the extent to which they've invested reflects the extent to which they believe magic leap has "invented literal world changing technology"

They probably have some awesome demos that require a 10 pound wired headset connected to a renderfarm.

Of all the companies, good for them for raising more. A moonshot to build the metaverse is what a tech startup should be.

> Of all the companies, good for them for raising more. A moonshot to build the metaverse is what a tech startup should be.

I somewhat agree, but wouldn't it create a better environment funding 10 or 100 smaller startups? I know you can argue that "this is just how much it takes to do this". But in my opinion it's more likely that you could reach your goal funding 20 companies with 100MUSD (which is still a huge amount of money, even if you're doing custom silicon).

Are there 20 companies worth funding to that amount? I dont imagine you or I can determine.

They've begun to cover the ground of immersive AR in patents. Maybe that's the value investors are seeing.

Confidence + hype. You're not selling a product, you're selling a dream to investors.

No revenues is exactly why it's possible.

It's a perfect play!

This guy funds.

No revenues is one thing. No product is another.

No demo is the trifecta.

Either great salesmen/hypemen or their private demos are facemelting.

Its the chance to wrap the world in another layer of data, surplanting whoever currently holds acces to the user with another device- and squeezing all those who are engulfed in your reach to become organelles of your ecosystem.

I can tell you that it would have horrible effects in the VC industry and AR/VR specifically if it turns out to be a huge boondoggle.

They've been in the vape business for a while now. Really smart people often have trouble recognizing their blind spots. The result is that smart businesspeople who are't very tech savvy think they are after seeing a slick demo and pour money into bad projects.

The vape business? What product are you referring to, as I'm not familiar with anything they produce related to vapes. It's my understanding that they do not offer any consumer or b2b products at this time.

Vaporware

Ah, vape in the olden sense. Before these infernal kids came along with their juices and atomizers.

That's what I thought too. Now I am pissed I missed out