Magic Leap Could Be Looking at an $8B Valuation
I was, at one point, very excited about this company, to the point where I recommended a colleague join the company (she thankfully did not). I strongly believe there&#x27;s only so much vaporware that the general public will accept, and Magic Leap has definitely overstayed that period.<p>If they aren&#x27;t more honest about their <i>current</i> progress and more realistic with their near-future plans, they&#x27;ll end up cratering their reputation with the public before they even have anything off the ground. At that point, it might not matter how many billions they have in the bank if they ruin their reputation to do so.<p>Worse, if they don&#x27;t get in front of their persistent vaporware problem, they could find themselves in the dust by the time they do come out with a product. Microsoft has already released their first version of the HoloLens, and is said to be working on their next version at full steam. By the time Magic Leap comes out, Microsoft might already have a compelling ecosystem and device portfolio. Other companies are joining suit.<p>It&#x27;d be nice if Magic Leap showed the public the same thing they&#x27;re showing these investors - clearly, their demo is convincing some supposedly smart people to pour lots of money in, so why can&#x27;t they show the public?