The case of Ubeam and venture capital

Discussion in 'Sharemarket News & Market Analysis' started by Spiderman, 24th Jun, 2017.

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  1. Spiderman

    Spiderman Well-Known Member

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    A case where $28m is taken from investors on something engineers regard as impractical (transmitting appreciable electric power by ultrasonic waves to charge a phone).



    FAQ at http://www.eevblog.com/forum/projects/the-ubeam-faq/

    Also worth watching is this from uBeam's CEO



    Note, that like motivation industry and success spruikers, they dismiss evidence or experts. There are also straw men arguments and rhetoric disdaining 'linear thinking' or 'binary thinking'.
     
    Spiderman, 24th Jun, 2017
    #1
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  2. The Falcon

    The Falcon Well-Known Member

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    Sounds familiar. Taleb's Fooled by Randomness along with some stuff on cognitive biases should be mandatory reading around here.....
     
    The Falcon, 25th Jun, 2017
    #2