Face Talking

A week ago, Magic Leap partnered with Twilio to develop communication with integrated holographic versions of ourselves. What this means is that at some point in the near future, we will be able to call each other, and to see each other in 3D by using Magic Leap’s software. While it is unclear what device specifically will be projecting our images to the other party, a VR headset could be a possibility. That’s where Twilio gets into the mix, which will deploy 10 developer teams to work on the mixed-reality hardware.

In fact, we have seen this type of futuristic communication many times in the movie industry, even dating back to Star Trek.

Magic Leap’s CEO Rony Abovitz described the experience of calling your mother as “almost like the spiritual essence of your mom is there. You can look her in the eye. You’re talking in real time. This is absolutely the kind of thing we’re going to be enabling at Magic Leap.”

Assuming the two companies deliver on the expectations, this new transformative communication will have significant impact on our lives. The physical distance will more or less be eliminated, as we will be able to be “in-person” in any place of the World, at the click of a screen.

Work will be done differently, with companies having employees spread across the world (or maybe even Mars), working remotely from homes, while talking face to face in the virtual space. Seeing your friends in the eye while being in different places will also have an impact on how we stay in touch — how we date, how our relationships work, how much we travel, and so on.

The Florida-based “startup,” recently raised $794 million at a $4.5 billion valuation fromAlibaba, Google, and Qualcomm, Warner Bros.

Source: Magic Leap

We have Magic Leap high on our priority list, and continue to work on understanding how soon and how powerful its augmented reality trend will be.

______

Messaging app Line, which was spun off Naver in 2013, is in preparation mode for a dual IPO listing in Tokyo and New York later this summer. Expected to be this year’s largest tech IPO, Line could raise between $2–3 billion at its offering.

While very few people in the U.S. and Europe even know of Line, it is one of the most popular messaging platforms in South East Asia — its prime geographies include Japan, Indonesia, India, Thailand, Taiwan, Vietnam and South Korea.

Source: Line

As of January this year, Line had 215 million monthly active users, growing at +19% year-over-year. Its 2015 revenue totaled just over $1 billion, growing at +40%. Given its current growth rates, geography focus, and platform power, we expect Line will trade in the range of a 9–11x P/S multiple, depending on market conditions, once it IPO’s. This would imply that by year end, Line could have a market cap of ~$13 billion.

Social Media Public Companies

Source: Latest Q results; Wonda


As published in this week’s A 2 Apple: http://www.a2apple.com/