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Rony Abovitz Exits
May 31, 2020
With the need to seek additional financing after raising ~$2b, Magic Leap founder, did what other struggling CEOs have traditionally done, he said he was ‘Stepping Down’. He issued a statement in VC like dialectic, “As we’ve shared over the last several weeks, in order to set Magic Leap on a course for success, we have pivoted to focus on delivering a spatial computing platform for (the) enterprise. We have closed significant new funding and have very positive momentum towards closing key strategic enterprise partnerships. As the board and I planned the changes we made and what Magic Leap needs for this next focused phase, it became clear to us that a change in my role was a natural next step.
May 31, 2020
With the need to seek additional financing after raising ~$2b, Magic Leap founder, did what other struggling CEOs have traditionally done, he said he was ‘Stepping Down’. He issued a statement in VC like dialectic, “As we’ve shared over the last several weeks, in order to set Magic Leap on a course for success, we have pivoted to focus on delivering a spatial computing platform for (the) enterprise. We have closed significant new funding and have very positive momentum towards closing key strategic enterprise partnerships. As the board and I planned the changes we made and what Magic Leap needs for this next focused phase, it became clear to us that a change in my role was a natural next step.
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