[dyarosla]

That FOMO is rampant; if you’re waiting for the startup to prove its tech, you’ve likely missed the investment boat already.

Just saying, there is definitely some rationale to it, esp when considering how investment portfolios are precipitated on a few huge winners and 99% losers.

[dproblem]

@dyrosla FOMO: Thank you for the explanation. I am trying to understand. The lottery ticket on the back of engineers and workers. Any thoughts on how long is this game going to last? Now China is playing the same game, but with relaxed rules - to speed things up on FOMO? Do I understand this correct?

[dyarosla]

I’m not sure if I understand you- FOMO is just the fear of missing out on investing in a company that has a likelihood of making it big.

In the case of Magic Leap, VCs bought into the team’s background and expertise and banked on the likelihood of their success/impact if successful and decided to risk it. It doesn’t mean they were 100% sold- just that the risk/reward calculation they made was favourable.

Had they waited for Magic Leap to be a ways farther in their tech, (and had Magic Leap delivered), the price of entry to invest would be astronomical and the opportunity would have been ‘missed out’ on.

[dproblem]

https://en.wikipedia.org/wiki/Rony_Abovitz

Why was a biomedical engineering guy (with absolutely no background in AR/VR/graphics/CS/...) being given a billion dollar to do something that is not up his ally at all?

What are we missing here? Which Team? I never understood this story.

[dyarosla]

I’d read more into what was presented that early on and with what team beyond Abovitz.