Neil's target list. Aimed at the 2021 playbook.
The outreach names specific companies for each of three asks. Mapped against 2026 market posture, the list points at counterparties who in most cases have already reduced, paused, or exited the AR and metaverse commitments the ask is built on.
Source: Meta Q4 2025 earnings, Apple Vision Pro manufacturing reports (Reuters, March 2026), Runway Gen-4 launch (Dec 2025), Google Veo 3 launch materials, Pinterest product roadmap. Research date 2026-04-14.
Platform row is the most exposed. Meta took a $83.6B cumulative Reality Labs loss. Apple cut Vision Pro production by roughly half in early 2026. Snap's Spectacles remain an enterprise / developer program, not a consumer platform. TikTok's AR surface is US-uncertain. Pinterest closed its AR Try-On lab. Samsung's AR-glasses program is paused. Of the ten named platform targets, three are currently making net-new AR investment announcements at the pace a licensed network would need.
AI row is the most achievable, but indirect. Nine of twelve named AI partners are shipping generative video or spatial-adjacent products. Those products are distribution-agnostic. A partnership with Runway, Veo, or Luma supplies content generation, not content distribution. The AI ask does not close the platform-distribution gap, it orthogonalizes from it.
Investor row depends on thesis alignment. Metaverse-thesis funds from 2021 have either wound down, rotated to AI, or reduced check sizes. The fund universe that would price a $50M pre-money seed in 2026 for a pre-revenue AR-rights registry is materially smaller than the outreach list implies. Strategic-arm investment from the Platform targets above is the most coherent path, and is directly constrained by the first row.
The pattern is consistent with the other viewports. The pitch references a 2021-era market posture. The 2026 posture of the named targets reflects the category collapse shown in Viewport 01. The ask is coherent inside the pitch and incoherent with the counterparty reality.