zlacker

>>gumby+(OP)
Magic Leap One has been for sale for 6 months. At $2.6B in total funding, thats $433,333 per unit for 6,000 units. The sticker price is $2300 per unit.

By comparison the Nintendo VirtualBoy was for sale for one year at $180(in 1995/$300 in 2018) and sold 770,000 units[1].

[1]https://en.wikipedia.org/wiki/Virtual_Boy

>>donpdo+O6
That’s not how funding works. If you believe the product is worth exactly what you pay that’s not funding, that’s buying. Funding is the belief that at some point the ownership will be worth the wait given the investment.

>>nabdab+Mc
That’s not how funding works, but it is how profit works.

>>gbear6+am
So you cannot have companies like Amazon which had no profits for like a decade.

>>spectr+1f1
You certainly can, but even Amazon had much higher revenue/funding ratio than Magic Leap.