Yes, but that's why healthcare investors stayed away from Theranos - that should have been a sign that the core tech wasn't workable.

But MagicLeap had huge funding rounds led by Google and Alibaba. They presumably did their due diligence and involved people who know what they're doing. That suggests to me that MagicLeap is doing _something_ that's real. I'm gonna wait and see.

I suspect that Google Ventures isn't made up of engineers.

I'm not sure what difference it makes but it was actually Google, not Google Ventures, that made the investment.

> Google is placing a big bet on it: in addition to the funding, Android and Chrome leader Sundar Pichai will join Magic Leap's board, as will Google's corporate development vice-president Don Harrison. The funding is also coming directly from Google itself — not from an investment arm like Google Ventures — all suggesting this is a strategic move to align the two companies and eventually partner when the tech is more mature down the road.

https://www.theverge.com/2014/10/21/7026889/magic-leap-googl...

It is ironic to see that Sundar Pichay has degree in metallurgy and material science. I expected something better from him.

For me, it is hard to believe to that a man with effectively a physics degree bought into that.

Enron is a prime example for keeping things secret for long time.

Bernie Madoff is another standout example, and the many scams in the supposedly expert world or wine, such as Rusy Kurniawan.

https://en.m.wikipedia.org/wiki/Rudy_Kurniawan

I watched a documentary about this guy (though I can't remember the name). What a totally fascinating story! The fact that even today there are people who think that he wasn't involved in forging wines really speaks to how easily and thoroughly people can get caught up in a convincing lie proliferated by a convincing liar.

Sour Grapes I believe.

Or the Moller Skycar.