Will Magic Leap become the next Theranos?


I don’t know what gives me the authority to write about Magic Leap, technology’s hottest startup, except experience. But my experience tells me there’s something wrong with Magic Leap. And it’s not the technology. It’s the same issue Roger McNamee called out in his CNBC interview: greed in Silicon Valley.

Magic Leap, if you’re not a geek, is a company based in Plantation — yes, Florida — developing a mixed reality technology. The founder is a Floridian who has founded other companies, so this is probably not just a Florida-based money scam as so many reverse-merge-into-a-public-shell companies have been in the past.