Magic Leap raising up to $1B in new round

Re:Magic Leap raising up to $1B in new round by sxates on Thursday October 12, 2017 @07:52PM (#15462326)

You guys remember when Color raised $50m with no product and the valley went ape and started screaming bubble?

Talk about quaint compared to today.

ML has a very serious risk of spending hundreds of millions of dollars over a decade with no customer input building something that will land like Google Glass or a Segway. Then what? Someone like Google has other products and can retreat and regroup, but ML will lose whatever credibility they had and not be likely to recover. It could be very ugly.

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Re:Magic Leap raising up to $1B in new round by godelski on Thursday October 12, 2017 @08:50PM (#15462570)

Hey, Segway has the mall cop and dorky tours cornered.

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Re:Magic Leap raising up to $1B in new round by othersideofcoin on Friday October 13, 2017 @01:31AM (#15463473)

Fun to make fun of, but what do their financials look like? Mall cop and dorky tours could be a really good market.

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Re:Magic Leap raising up to $1B in new round by jonnathanson on Friday October 13, 2017 @05:46AM (#15464263)

They're not good markets, and even if they were, they fall far short of the Segway's original goals as a mass consumer product. There is a reason Segway is often used as a cautionary tale in product circles, and as as "What not to do" case study in academia.

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Re:Magic Leap raising up to $1B in new round by godelski on Friday October 13, 2017 @10:23AM (#15465916)

I remember that they were promoting Segway as the way of the future. That it was going to change the world. They literally said that their device was going to change the world like Ford did.[1]

Fun fact: One of the original promotional videos shows cops using it.

[1] https://www.youtube.com/watch?v=7rNw5nI_3iE

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Re:Magic Leap raising up to $1B in new round by kpierce on Thursday October 12, 2017 @08:10PM (#15462403)

And wreck Florida's startup credibility.

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Re:Magic Leap raising up to $1B in new round by sidlls on Thursday October 12, 2017 @10:24PM (#15462872)

Florida has startup credibility?

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Re:Magic Leap raising up to $1B in new round by excalibur on Thursday October 12, 2017 @08:51PM (#15462573)

Florida Company releases revolutionary AR glasses, 4 out of 10 customers go blind

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Re:Magic Leap raising up to $1B in new round by JohnnyConatus on Thursday October 12, 2017 @09:14PM (#15462652)

/r/floridastartupman

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