I don't know whether there was some tech hurdle they could never get over or if they were just straight up selling a fantasy from the beginning, but this result has seemed to be the likely destination for years.
I don't know whether there was some tech hurdle they could never get over or if they were just straight up selling a fantasy from the beginning, but this result has seemed to be the likely destination for years.
There was simply no reason for them to need this much cash before they proved market fit. I mean, has there ever been a successful company that gorged on funding before they needed it that eventually became successful? So many of the Vision Fund companies are in the same boat here.
If Magic Leap couldn't find at least good market fit with a couple hundred million, I don't see how they were going to get there with a couple billion.
They were killed by too much ambition and too much money about 10 years too early.
My understanding (from sources who have experienced the demo) is that their first demo was BONKERS. They projected light right onto the users eyes, so instead of having a AR heads up display, you had a light beam projecting images into your eye so they could add elements into your field of vision and make it look like they were naturally there. The issue is that they couldn't get that demo into any sort of a state where it could be commercialized. The rig was the size of a large room, the person hooked in was basically required to be stable for the duration of the experience. The eye-tracking for projecting was difficult and worked alright but not 100%. The funding they received was based on the demo of tech. After they realized they wouldn't be able to commercialize it, they transitioned to a more classic AR setup. The magic leap tech will work, but it will be 10-20 years until we are able to use it.
> they couldn't get that demo into any sort of a state where it could be commercialized
Dear Lord! I would hope that they couldn't get that out. Putting lasers directly into your eye sounds like a perfect recipe for large scale disaster. I don't care how many people say it's safe or how many papers there are out there on it, all it takes is a few microseconds of error just once in your whole life and it's boom lights out forever.
Which is also to say, the charismatic/ crazy founder with a reality distortion field is great and all, and can move mountains and often succeed - but sometimes reality hits with a thud. To some extent, their challenge was one grounded in physical limitations of our technological capabilities in the 2010s. In the 2030s though..
Maybe the 'Magic' is how they are able to get so much funding and attention for so little end result.
Starcraft Ghost
The Phantom (games console)
Duke Nukem Forever (though it eventually did come out)
Duke Nukem (took) Forever
Edit: Here it is the HN post: https://news.ycombinator.com/item?id=9087819
They are still around though https://www.getmagic.com
Nevertheless, I tend to agree that the product they were marketing did never materialize.
Glass did release limited versions of stuff, unlike Magic Leap, but I think they spent way more money than Magic Leap. Magic Leap raised $2.6B [0]. Although I have no idea how much Google spent, I suspect it’s more than this when you factor in the barges and rollout plan that they had and didn’t use at all.
[0] https://www.crunchbase.com/organization/magic-leap#section-l...
They have an Enterprise product still being supported: https://www.google.com/glass/start/