Most realize that virtual reality and augmented reality will revolutionize computing, gaming and many more industries. So it’s no surprise that a company like Magic Leap is generating a ton of buzz.

The focus of Magic Leap involves virtual reality overlaid on the real world in a manner is called mixed reality. In a mixed reality world, objects are aware of their environment and can interact with the “real” world. The results are stunning and the potential is mind-boggling.

The company has not released a prototype yet, let alone an actual product, yet it has already raised $1.4 billion from a who’s who of Silicon Valley VCs and companies. Expect to hear much more about the company and its technology in the months and years to come.

In the video above, Fitbit CEO James Park addresses an interesting dilemma for Fitbit, as the company’s stock price has under-performed since its IPO. The company is a leader in its space as the top fitness tracker on the market, and the Apple Watch hasn’t dented its momentum. It’s also in the exploding wearables category, which offers huge potential growth. But skeptics haven’t rewarded the company with increases in the stock price. Park explains that there is some concern that the company is just a one-product company.