Magic Leap has raised $2.3B in total at a valuation of $6B. A consumer play before product/market fit. I hope there's more to it than what the public knows and that it works out for them
https://www.bloomberg.com/news/articles/2018-03-07/magic-leap-raises-461-million-from-saudis …
-
-
If you're expecting a 10x return (say, with 20% probability, so you make 2x if you place enough bets, which starts beating the SP500 over the same timescale), you'll need to create a bigger market than the global gaming console market. This is why I'm not in VC
Show this threadThanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
They could also exit to Google/Facebook
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
The data mining aspect of these devices will be beyond anything imaginable for training deep nets. For free. Consider the data you could get recording 1 million people doing their daily activities.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
The XBox One is not in boardrooms, offices, and universities. Magic Leap on the other hand will likely make it into hospitals, stadiums, and households.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.