Jun 5, 2022Liked by Doug Clinton

I share your skepticism on VR goggles, and your trouble with the name Meta for the same reason. Immersive 3D experiences are a niche market and definitely not a new Metaverse.

The console game market serves as a proxy for TAM. It could be expanded to sports and rock concert viewing. But even these and other niches remain marginal, limited by age, gender, and affordability. Since VR goggles are not do-all products like SmartPhones or SmartWatches, the cost cannot be amortized across other end-user benefits.

Ironically, Apple has the best, by a wide margin, chip and software technology plus 23 million developers in their ecosystem. But will they release such a non-mainstream device?

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Pretty sure Tesla is a meaning company as well. Evidence: public awareness of its mission, its social media following, its brand strength, its attractiveness to employees and customer loyalty. All of which have been quantified.

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Oct 15, 2022·edited Oct 15, 2022

Hi - I think you underestimate the “meaning” component in Tesla’s value. Elon Musk represent a one stop shop for improving the human condition wholesale. The future of Tesla is in a similar place as Meta but Elon is moving way from the current core product before a crisis point unlike Zuckerberg. . Musk=(ai/robotics/energy/neuro)combinatorial genius

And that’s not even factoring Space X whose potential literally touches everything- ex: he who controls the high ground controls the battle. What’s higher than space?

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Thanks for the nice write-up. The VR usefulness appears to be debatable. I believe VR solves both time and money problem. First of all, we will for sure get an immersive (high-fi) experience that people want, and it won't be as late as 2030 if you examine the progress of silicon, display and graphic rendering. Such desirable experience could be very costly and time consuming for people to pursue in the physical world (reference: vacation, team building etc.), not to mention in many cases these experiences are simply not possible (e.g. space travel) or too dangerous to even try physically, which probably also fit into the "meaning" category of yours?

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