The interesting thing is that the VC wankers who say the physics work don't give ANY documentary evidence that it does.
One individual, admittedly highly under qualified by dint of his physics degree and years of experience in ultrasonics in medical development, is dismissed by the VC, who then fails to give the details of his own "due diligence" other than do say it works.
Why should the VC have to give details of their "due diligence"
They aren't asking you to invest - it's a private matter.
They are bigging it up for three reasons. Firstly to make those who've actually put up the money behind the VC not feel like idiots; secondly so that they maximise the value when it comes to getting out at later funding stages for other unsuspecting investors; and thirdly to protect their perceived reputation and trustworthiness as a successful investor for future
scams high potential opportunities.
After all, you're hardly going to say your investment is a turkey if your intention is to sell it on at a profit.
They are not interested in staying in for the longer term, only realising a profit from their investment in a flawed concept.
The only reason the VC is bigging it up is so they can sell their soiled underwear to someone else before anyone smells it. Hopefully t'internet will reveal the truth before some unwitting souls are coerced into it.
That's a pretty cynical spin on things. But I get the sentiment.
As I've said earlier, I can't see any reason why this wouldn't work from a science POV - I can see many reasons why it won't work commercially in a 'wireless power of laptops and smart phones' application, but perhaps they have other applications in mind..
We agree, it can work
but not in practical terms, not by a long way. But their stated aim is to charge mobile devices such as cellphones and laptops.
The problem we have at the moment is that with low interest rates and mediocre performing stocks globally, there are plenty of people with money to invest in something that is perceived to be better performing. The parallels to the 2000 dot com bubble are worrying.