Facebook Lost $83 Billion and Called It a Vision
Meta renamed a 3 billion user company after it. Apple spent nearly a decade building for it. Hundreds of startups raised billions chasing it. And almost all of it went to zero.
Over $100 billion combined just on a product regular people just didn't want.
This isn't a story about stupid decisions. These were smart people with real data and real conviction.
So what actually went wrong?
And why did the whole industry pile in at the same time?
LinkedIn: / gabrieljarrosson
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TIMESTAMPS:
00:00 VCs Can Be Wrong
00:14 Metaverse Hype Peak
01:35 Nobody Wanted VR
02:14 Meta Reality Labs Losses
04:37 Apple Vision Pro Reality
07:12 Wrong Or Too Early
07:36 Tech Versus Use Case
08:48 Why VC Bubbles Form
11:26 The Real Lesson
11:57 Whats The Next Bubble
12:31 Final Thoughts
#VentureCapital #MetaverseFailed #RealityLabs #VisionPro #TechBubble #StartupMoney #MagicLeap #HorizonWorlds #BigTechLosses #VCInvesting #MoneyInTech #ZuckerbergBet #SiliconValleyHype #TechInvesting