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You say they were entrepreneurs, not academics.

Also, THEY WERE RIGHT!!. 5 years ago you'd have failed miserably in the market with this.

The OLED screens alone had required billions of dollars in investment. Same with the inertial sensors, or small digital cameras and SSDs. All this tech has improved thanks to the smartphone boom in the last 5 years.

Obviously some day we will have flying cars, when we dominate all the anti gravity and the rest of the anti particles, and antimatter.

But if you try to make a business out of flying cars today, you will most likely fail because you got too early.

If they were bringing in entrepreneurs, what does that have to do with academics?

It would seem unfair to criticizes academics for your experience, at least based on the description you gave.