Earlier quoted context omitted.
> opting to sell employees on large options packages that will be "worth millions one day" They're also notorious for refusing to allow employees to sell their shares, even if nothing in the original agreement prohibits a compliant transfer.
Is the refusal legally valid, or just pressure?
Magic Leap Raises $461M from Saudis
51–60 of 125 posts
Re: Magic Leap Raises $461M from Saudis
#52Re: Magic Leap Raises $461M from Saudis
#53Regardless of whether Magic Leap is a Theranos level scam (and I personally think it is), this is additional evidence that there are massive amounts of investment money available out there.
Re: Magic Leap Raises $461M from Saudis
#54Regardless of whether Magic Leap is a Theranos level scam (and I personally think it is), this is additional evidence that there are massive amounts of investment money available out there.
Re: Magic Leap Raises $461M from Saudis
#55Earlier quoted context omitted.
Apparently their tech is pretty awesome but getting it down to portable is what’s taking so long. That might be a rumor but it’d make sense for how much money they’re pulling in.
I think any kind of AR glasses that do not look like regular glasses are going to be a tough sell to the general public at least. I think we're still years away from this kind of tech though. I mean if it were possible today Apple would be all over it. Can Magic Leap pull it off before Apple if it is at all possible to do it in the next 5 to 10 years? I'm doubtful.
Re: Magic Leap Raises $461M from Saudis
#56Earlier quoted context omitted.
and 6% sales tax
but depending on your political views, you also have to tolerate living in florida , which can be a distasteful experience to people whose cultural, religious and political values more closely align with the residents of portland, OR.
Re: Magic Leap Raises $461M from Saudis
#57Earlier quoted context omitted.
Apparently their tech is pretty awesome but getting it down to portable is what’s taking so long. That might be a rumor but it’d make sense for how much money they’re pulling in.
I think any kind of AR glasses that do not look like regular glasses are going to be a tough sell to the general public at least. I think we're still years away from this kind of tech though. I mean if it were possible today Apple would be all over it. Can Magic Leap pull it off before Apple if it is at all possible to do it in the next 5 to 10 years? I'm doubtful.
This just isn't possible in the foreseeable future. Maybe someone will figure out how to fit enough processing power for decent AR into the "regular glasses" form-factor within the next couple decades, but there is no discernible path to a viable battery that could work in that form-factor even if we didn't have to also make room for the GPU. Additionally, none of this takes into account heating issues. If this goal is ever reached, its so far out that it's impossible to predict which company will achieve it.
Re: Magic Leap Raises $461M from Saudis
#58A16Z investor Benedict Evans's Twitter reply today to a skeptic: > Frontier hardware tech is expensive. And, the investors have actually seen the tech. As will you, pretty soon ;) source: https://twitter.com/BenedictEvans/status/971404194300141568
The magic leap demos that have raised all this cash, it might be the most successful demo in history.
Re: Magic Leap Raises $461M from Saudis
#59Changing the world one murdered-by-starvation Yemeni at a time. How do you accept funding from oppressive, dictatorial, mysoginist regimes and then claim to “make the world a better place”? Sigh. The political implications are so ironically cringe-worthy
Why the downvotes? Can we not discuss the implications of “progress at all costs”?
Re: Magic Leap Raises $461M from Saudis
#60Even it is the best technology ever, if not enough people buy it the company will go down very quickly.