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Film · The screening room

General Magic

Sarah Kerruish & Matt Maude (dirs.) · 2018

The story of a company that invented much of the modern smartphone a decade too early, and failed completely — the best film about timing ever made about technology.

Why it is here

General Magic spun out of Apple in 1990 to build a handheld personal communicator. Many of the ideas that now define the industry — touchscreens, e-commerce, social messaging, even emoji — trace back through it. The company failed.

For an angel this is the single most useful film on the list, because being early is functionally identical to being wrong and almost nobody has an intuition for the difference. The team was extraordinary, the technology worked, the vision was correct, and none of it mattered.

It also follows what happened to the people afterwards, several of whom went on to build the things the world was eventually ready for. That is the more optimistic reading, and it is earned.

Read it if

You want to understand why "why now?" is the most important question in a pitch.

Skip it if

Nobody. It is ninety minutes and it will change how you hear a pitch.

Pair it withFounders at WorkJessica LivingstonInterviews with founders about the earliest days of their companies, before anything worked — the period every other account skips.

General Magic: common questions

What is the investing lesson from General Magic?
That being early and being wrong produce identical outcomes for investors. The team, the technology and the vision were all right, and the market did not exist yet — which is why "why now?" deserves as much scrutiny as "why this?"
Is it depressing?
Less than it sounds. The film follows the people afterwards, and several of them went on to build the products the world was eventually ready for. The failure was a decade of work, not a wasted career.