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Magic Leap raises $827M in Series C

techcrunch.com

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Re: Magic Leap raises $827M in Series C

#11

Post by hmate9 »

untog wrote: post #9

Augmented reality has been the sci-fi dream forever, but I'm really, really skeptical about its applications in real life. Not that they don't exist - the shoot-em-up game demoed in that video looks fantastic. The Gmail app looks horrendous. Worth billions? Depends on the implementation, and a demo video is very far from the real thing. I wouldn't be investing.

It's applications are virtually limitless. Everything from manufactoring to gaming to content consumption can change with a good augmented reality device.

Re: Magic Leap raises $827M in Series C

#12

Post by pqdbr »

Magic Leap has a patent application for "contact lenses" technology [1]

Imagine if instead of having to put somewhat ridiculous and obtrusive glasses in front of your face, you could just use contact lenses that had this augmented reality capability.

It would be ... life changing.

[1] http://appft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=H...

Re: Magic Leap raises $827M in Series C

#13

Post by tomphoolery »

pqdbr wrote: post #12

Magic Leap has a patent application for "contact lenses" technology [1] Imagine if instead of having to put somewhat ridiculous and obtrusive glasses in front of your face, you could just use contact lenses that had this augmented reality capability. It would be ... life changing. [1] http://appft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=H...

dammit, now I really have to learn how to put contacts in...

Re: Magic Leap raises $827M in Series C

#14

Post by teej »

sterl wrote: post #10

Kinda amazing how these guys are past Series C now and still haven't released a product.

Along these lines - is there an example of a technology company that succeeded after raising so much money without proving their product in the market?

Re: Magic Leap raises $827M in Series C

#16

Post by oskarth »

sseveran wrote: post #8
oskarth wrote: post #6

How can a private investor feasibly do a fixed down-side, small-stakes shorting of Magic Leap? Hypothetically speaking.

You might be able to find someone to create a derivative on it. You would probably need a non-trivial amount of money to make it happen.

That's what I figured. I wish there was some SaaS-ish fund/Kickstarter where multiple small investors could go together for this kind of thing for a nominal fee.

Re: Magic Leap raises $827M in Series C

#17

Post by untog »

hmate9 wrote: post #11
untog wrote: post #9

Augmented reality has been the sci-fi dream forever, but I'm really, really skeptical about its applications in real life. Not that they don't exist - the shoot-em-up game demoed in that video looks fantastic. The Gmail app looks horrendous. Worth billions? Depends on the implementation, and a demo video is very far from the real thing. I wouldn't be investing.

It's applications are virtually limitless. Everything from manufactoring to gaming to content consumption can change with a good augmented reality device.

Didn't people say the same about Google Glass before it came out? I know, I know - this is very far from Google Glass. But all we have is a really broad concept and some flashy demo videos.

"It's going to change content consumption in a limitless way" doesn't really mean anything. Based on past predictions, the way we consume content is supposed to have been revolutionized about 100 times by now.

Re: Magic Leap raises $827M in Series C

#19

Post by zyxley »

pqdbr wrote: post #12

Magic Leap has a patent application for "contact lenses" technology [1] Imagine if instead of having to put somewhat ridiculous and obtrusive glasses in front of your face, you could just use contact lenses that had this augmented reality capability. It would be ... life changing. [1] http://appft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=H...

If you can fit the technology into contact lenses, you can presumably fit it into a normal-looking pair of glasses anyway.

Re: Magic Leap raises $827M in Series C

#20

Post by coldtea »

teej wrote: post #14
sterl wrote: post #10

Kinda amazing how these guys are past Series C now and still haven't released a product.

Along these lines - is there an example of a technology company that succeeded after raising so much money without proving their product in the market?

Is there an example of a technology company that took billions in that had succeeded by their product?

Most of these companies that get bought for billions or multi-billions just have eyeballs -- and little to monetize them.

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