I cannot think of a similar trajectory for a company that is today a large platform. The big companies of our, and previous, eras began with small products, targeting markets and grew organically and gradually. Stealth had a purpose, but there was a technology serving a market at a relatively early point. Even in semiconductors. There's no precedent for this degree of fundraising, lack of product release and opacity. I can't think of reasons that this is justified when product/market fit is so unproven.<p>Even if the experience is fantastic, the product flawless, the content engaging -- none of that means that there'll be product/market fit. Iterations will likely be needed. I'll be delighted if it's a big success, and hey it's not my money. But, the systemic signaling (and actual) risk posed by a potential Magic Leap failure on the larger AR/VR community is being sorely underestimated by everyone. And that is worrisome.