Eric Newcomer

alone is like, even if it's 10 times better than using like a measuring tape or something like that, that's not going to get me to like, you know, be a daily user or something like this.

So like, how have you been thinking about like, what is the ideal product?

Because I assume that's what you're building towards.

How much is capital a constraint?

Because you're competing with companies that are willing to throw billions of dollars at this problem.

And so far, I don't necessarily think it's getting them that much closer.

Also, it's never been easier to raise $5 million.

The other thing with glasses that's interesting is just how many hundreds of millions or billions of people already rely on glasses to see.

So that's a market where it's much less of a... You're not actually selling them a new device.

You're selling them the same thing that they rely on, plus a computer built into it, which like...

That's great.

How many years until a billion AR or augment, what did you call it?

Yeah, but I can tell you're,

I can tell that you're running, just from the short conversation, that you're running the company to make sure that you are in business with a fantastic product when that moment happens.

I was looking at the specs, just looking at the reaction to the specs launch and like,

Spiegel and Snapchat are in a unique position in that they can kind of just ignore what shareholders think about where they invest.

But that being said, it's hard to think about them spending another $3.5 billion on this effort or just given how I expect the product to be received in its current form.

I think if you're set up to keep burn low, really, really keep iterating, actually using the product all day long, which you must have used a product.

You must have used AR glasses more than anyone else on the planet, I imagine.

I don't know anyone.