I’m not sure if I understand you- FOMO is just the fear of missing out on investing in a company that has a likelihood of making it big.
In the case of Magic Leap, VCs bought into the team’s background and expertise and banked on the likelihood of their success/impact if successful and decided to risk it. It doesn’t mean they were 100% sold- just that the risk/reward calculation they made was favourable.
Had they waited for Magic Leap to be a ways farther in their tech, (and had Magic Leap delivered), the price of entry to invest would be astronomical and the opportunity would have been ‘missed out’ on.
In the case of Magic Leap, VCs bought into the team’s background and expertise and banked on the likelihood of their success/impact if successful and decided to risk it. It doesn’t mean they were 100% sold- just that the risk/reward calculation they made was favourable.
Had they waited for Magic Leap to be a ways farther in their tech, (and had Magic Leap delivered), the price of entry to invest would be astronomical and the opportunity would have been ‘missed out’ on.