News for hackers. Stuff that matters.

A comment on My first year at Magic Leap and the opportunity ahead. Parent comment

Re:My first year at Magic Leap and the opportunity ahead by nikanj on Tuesday October 12, 2021 @07:31AM (#28838472)
> I guess slick marketing wins over those doubts in some VC circles but you wonder if anyone at the early stage Magic Leap investors is getting asked tough questions about why they approved it, or if they've all just moved on to other roles.

I would guess this depends on whether or not they managed to hoist the stock to someone else in subsequent rounds. Investing in a scam can still be a good deal, as long as you get out before the jig is up

[ Parent | on HN ]
Re:My first year at Magic Leap and the opportunity ahead by spaetzleesser on Tuesday October 12, 2021 @09:38AM (#28839489)
That seems to be the playbook for today's highly valued unicorns. Squeeze out all the value then dump the stock on the public before things start going down. It's not exactly a scam but it's the same kind of thinking: Doing irrational things is fine as long as you are confident there will be a greater fool later on.
[ Parent | on HN ]
Re:My first year at Magic Leap and the opportunity ahead by eberkund on Tuesday October 12, 2021 @10:34AM (#28840203)
*as long as you _get out_ before the jig is up
[ Parent | on HN ]