- Planned to sell over 100k of its AR headsets in 1st year, but sold 6k in first 6 months - Recently laid off dozens of employees - Google/Alphabet CEO Sundar Pichai left the board last year Anyone from the company who have some insight?
It is a joke compared to HoloLens that is why we won the Defense contract for HoloLens.
A) Its HoloLens B) If it’s still like the thing I tried at the Microsoft store in NYC, you got a long ways to go, but about 3 years has passed since then, maybe I should check it out again.
Watch the latest demo and read about the Defense contract.
Company is a scam. Their headset does not use the technology they claim to have invented and pitched to investors.
6k is amazingly bad. I’ve been calling it a scam for years and that exceeds all my expectations. I wonder how many boxes of product are sitting in a warehouse somewhere.
First version of the headset appears to be a dud. Used it a couple of times, interesting experience but nothing earth shattering. Even if they hit their 100k target, that's only $300 Mil in revenue against something like $5 or 6 billion in investments. At only 6k units, revenue is a fraction that so I wouldn't want to be one of their investors with those awful numbers.
No surprises. I interviewed at magic leap before coming to FB and the interview was the oddest scammiest interview I've ever had. First vid interview was with a young pm who was dodging legit questions with buzzy doublespeak and had a website full of hastily made mocks that looked like student work. Second interview the dude literally hadn't been told he was leading the interview loop and made me wait while he pulled my info up on his laptop to 'find out who I was'. Some of my former colleagues are there in highish places and shouldn't be. It seems more stuffed full of PT Barnums than your average tech company. This company is going to stall and fall. Smells like fish all the way.
One of the best things about having a lot of years under your belt is that given how small the industry and doubly so the valley are, you eventually have insider information about what a shitshow various companies are solely by watching who they hire. It’s kind of amazing. Of course, that does mean I’m baffled by the absolutely terrible hires GCP has made.
Did you get an offer or got rejected?
Everyone stop what you are doing and watch Rony’s TED talk on YouTube. It is the most wtf five minutes I’ve ever seen in my life.
Haha, that was crazy. "Creativity matters" was posted on the screen at the end. Is that was this was? Creativity? https://youtu.be/w8J5BWL8oJY
WTF! I should've known it was a Ted x talk. With a bold X.
Heard from a lot of magic leap employees that it's sinking big time. First of all, the only product they've falls behind their only competitor (Microsoft) by miles in terms of processing speed and CV technology. Second, they don't really have that many applications. Third, it's actually considered as a toy that's worth 3k with no real applications. Fourth, the CEO went over the board by opening up tons of branches for the only not-so-great product they've.
Why do you know a lot of ML employees?
It will be acquired
Tbh, I was quite impressed with their goggles but my only comparisons are Oculus and HTC which were bulky, wired, pixelated image and very narrow field of view. I haven't tried HoloLens. Usually very long lines for that at shows so there must be something. Oh, I had also tried Intel's attempt at VR goggles which was so bad that I don't think they showed it to anyone in public. Nonetheless, I don't think any goggles are worth spending $5-6bn no matter what they do. You can get a country halfway out of poverty with that money which helps people and generates more money than a pair of goggles. Speaking about goggles, it's a very narrow niche cause not many people need such a device. Who the fuck is going to spend a few thousand dollars on any crap like that ? There was a venturebeat article a few months ago about another 2-3 goggles companies that went bankrupt: Meta, ODG and maybe another one. Apparently Magic Leap screwed ODG. That article is a fun read about huge amounts of wasted money and dirty business practices.
I got some feedback from an employee. They’re focused on getting Apps from 3rd party developers right now and the person working there thought the device was pretty cool in its current state. https://us.teamblind.com/s/AhzWRO82 - It’s a reply to the first comment.
Employee thinks own product is good! Having tried what was released I can say they have a long road ahead to get to a real product. I hope it does to keep the ecosystem alive with competition.