Magic Leap Raises $461M from Saudis • Hacker News Board

Re: Magic Leap Raises $461M from Saudis

#121

Post by bergie » Thu, Mar 08, 2018, 11:25 AM UTC

walrus01 wrote: post #39

mlevental wrote: post #32

Earlier quoted context omitted.

their listed hq is in plantation but their offices are scattered around south florida (ft lauderdale and miami). i actually grew up right down the street from their plantation office and housing is very cheap but i guarantee most of their engineers live here in this neighborhood https://www.zillow.com/plantation-fl/in-Jacaranda-Lakes_att/

I am probably showing my anti-florida bias here. But if you google "jacaranda lakes gated community", real estate in Florida and other parts of the US southeast creep me out. In a civil society that is functioning properly it should not be necessary for people in the top 15% income earning bracket to isolate themselves off in burbclave-like gated communities (proto-snow-crash style). I have seen this also in Charlest…

> burbclave-like gated communities (proto-snow-crash style)

If we ever want to get to the cyberpunk dystopian future, somebody has to lead the way.

Re: Magic Leap Raises $461M from Saudis

#122

Post by gregwtmtno » Thu, Mar 08, 2018, 12:45 PM UTC

edanm wrote: post #117

robbiemitchell wrote: post #40

Earlier quoted context omitted.

Yes, fund a competitor.

That's absolutely not the same thing. Shorting a company will bet specifically against that company, in a way that both: 1. Gives you monetary gain if that specific company/stock decreases in value. 2. Puts pressure on the stock to be lower value. Thus it acts as a correcting mechanism to the market, since just by the fact that a lot of people who have an incentive to make a correct bet on a stock declining, upon pla…

He knows all that. He was just trying to be glib. Best to ignore people like that.

Re: Magic Leap Raises $461M from Saudis

#123

Post by jorgemf » Thu, Mar 08, 2018, 2:57 PM UTC

deltron3030 wrote: post #86

jorgemf wrote: post #60

I think this is just incredible. Let's suppose they have an incredible technology and that works (which it is not true at this time because they don't have any product out yet). How do they justify the product adoption which such high valuation? (with patents of products they also don't have any idea if the people will want them?). Even it is the best technology ever, if not enough people buy it the company will go d…

They could pivot into being an OEM. Marketing doesn't seem to be their strength, it only got a bit better recently after they outsourced their branding to a bigger agency. I suspect that they spend a lot for content, because growing organically is almost impossible if you target entertainment with an rumored $2k price point. Nobody would buy that if the're only a few apps, even if they're unlinke anything else. Then,…

an OEM of a technology that noone wants to use?

I hope the content is really good and worth the experience, otherwise this is useless. But I am still afraid that if they have to create their own content it might not make sense as a business, why people wouldn't be interested in created content for the next audiovisual platform?

I don't think the PC is the problem here.

Re: Magic Leap Raises $461M from Saudis

#124

Post by maxxxxx » Thu, Mar 08, 2018, 6:24 PM UTC

tnoue0i9nt wrote: post #61

Zelphyr wrote: post #30

Regardless 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.

I used to work with people who now work there. I can say for sure that they are both good at what they do and good people. If it is a scam, the employees I know there don't appear to think so. Also, Theranos was lying to the general public about very important health issues that affect your daily life. So far, Magic Leap hasn't released a single product. Even if they do, at worst it will be a computer that isn't as g…

"If it is a scam, the employees I know there don't appear to think so."

How many people knew that Enron is a scam? I bet 99% of people there were hard working intelligent people who had no idea. Same for Theranos.

Re: Magic Leap Raises $461M from Saudis

#125

Post by vernie » Tue, Mar 20, 2018, 5:47 PM UTC

Holomakerbot wrote: post #96

vernie wrote: post #91

Earlier quoted context omitted.

It's GDC, not MLC. I doubt many people decided to attend the conference solely due to Magic Leap's presence.

Er, I didn't say that. But the three presentations are to teach devs how to use their platform. I'm sure you were just being snarky with the assumption that it will just be another celebrity appearance, but I'm pointing out that there is about to be a windfall of info about their device, it's capabilities and real world demos.

So... that went exactly as expected.