>However, generally people who have billions to invest on high risk super high tech ideas aren't as stupid as people here would have you believe.
Counterpoint: Theranos.
Never assume investors are smarter than us mere mortals.
Counterpoint: Theranos.
Never assume investors are smarter than us mere mortals.
I would be inclined to believe the same of MagicLeap but in their case the science is already well understood and has been done in an analog form for a long time, using techniques similar to conventional off-axis holography.
"And this is where another comparison between Magic Leap and Theranos falls apart. Most of the former's investors are sophisticated tech venture capitalists, who Abovitz says were “sending their brilliant professors from all the top schools to try and shoot us down.” Theranos, on the other hand, largely raised money from rich individuals whose life sciences experience began and ended with high school biology. Magic Leap's board includes Google CEO Sundar Pichai and Alibaba co-founder Joe Tsai ― whereas Theranos directors used to include former Secretaries of State Henry Kissinger and George Shultz."
https://www.linkedin.com/pulse/why-magic-leap-isnt-next-ther...
If anything use "Segway", with Steve Jobs et al hyping them up before it bombed...
Negligence like that is far far rarer than the technology not being feasible, at least in terms of startups failing.