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.