41–50 of 125 posts
> Magic Leap has raised more than $2.3 billion to date, and has been valued at above $6 billion. How can you raise that much money without shipping a product? Or better question, why do you need raise that much money in the first place?
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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.
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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…
Earlier 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.
> Magic Leap has raised more than $2.3 billion to date, and has been valued at above $6 billion. How can you raise that much money without shipping a product? Or better question, why do you need raise that much money in the first place?
I wonder if given the bulky size of the thing, the tech might be great, but it's just too early. For those people who are old enough to have been working in the tech industry in the dotcom 1.0 boom days, the business model proposed by the epic failure of Webvan was later validated by Amazon/Prime Now. https://en.wikipedia.org/wiki/Webvan Look at all that money down the drain.
That's astonishing.
> 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
Thought it was going to be Softbank, no it actually is the Saudis directly.
A16Z 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
Earlier quoted context omitted.
I wonder if given the bulky size of the thing, the tech might be great, but it's just too early. For those people who are old enough to have been working in the tech industry in the dotcom 1.0 boom days, the business model proposed by the epic failure of Webvan was later validated by Amazon/Prime Now. https://en.wikipedia.org/wiki/Webvan Look at all that money down the drain.
> "The company raised an additional $375 million in an initial public offering in November 1999 that valued the company at more than $4.8 billion.[14] Up to that time, the company had reported cumulative revenue of $395,000 and cumulative net losses of more than $50 million.[15]" That's astonishing.
https://en.wikipedia.org/wiki/Beenz.com
https://en.wikipedia.org/wiki/Flooz.com
https://en.wikipedia.org/wiki/Global_Crossing
to be fair to global crossing, they did build a really awesome international network, the revenues just didn't support the billions spent on it.
Changing 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