An early release for our Dissection VIPs. This week we explore Magic Leap, the secretive augmented reality startup that has raised $2.3 billion (that’s more than SpaceX). Having attracted a fair bit of criticism for previously not having shipped anything, we wanted to uncover Rony Abovitz’s startup as it starts to release its Lightwear mixed reality headsets to developers.
Evan Spiegel, CEO & Co-Founder of Snap, the company behind social media and messaging app Snapchat, sent out a company memo several months ago outlining his goal for Snap to reach breakeven this year. We wanted to explore this ambitious goal, and the steps, we think are needed, for it to be remotely achievable in the given timeframe.
Rovio, the maker of hit smartphone game, Angry Birds, warned earlier this month that profits this year will be down on last year and “may differ from market expectations” sending shares plummeting more than 50%, the market cap now hovering around $500m.