Seriously, does no one realize product development is a process?
Self-aggrandizing voices like this really turn me off. "Sorry the world didn't do better by you! We'll all really try harder next time, dad."
Ford Motor Company was founded with an investment of $28,000 in 1903, the equivalent of 34 Model-T cars - say around $2 million now (for a very expensive $50,000 car).
It was profitable in very short order, selling several models of cars. The Model-T itself was available for sale in just over 5 years after the company was founded. Ford innovated in production and product design, and made ground breaking products available for the masses.
Magic Leap raised $2.3 billion (the equivalent of 46,000 cars) 8 years ago. Total publicly available output: a few promotional videos.
Amazon raised total of $108 million before its IPO.
Google raised less than $50 million before its IPO.
Facebook raised $2.3 billion before the IPO, and most of it was after it became a world-wide phenomena.