Has there ever been a tech startup that raised just shy of $3 billion, inflation-adjusted for any era, while barely making a ripple with actual customers? Magic Leap just pocketed a fresh $350 million in funding, on the condition that its co-founder and CEO Rony Abovitz, agree to step aside and allow new leadership to take the reins. We chat AR/VR, dot-com flameouts, and why crazy tech is worth believing in.
This episode was recorded before the recent protests, and so does not contain any discussion of the current events roiling the United States. We will touch on it in future episodes, but you can find Stack Overflow’s statement on it here.