Snap Officially Launches SPECS

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Bain Capital Ventures Partner Aaref Hilaly at 12:00 PM
Bain Capital Ventures Managing Partner David Gross at 12:10 PM
Legora Co-Founder & CEO Max Junestrand at 12:30 PM
Crusoe Co-Founder & CEO Chase Lochmiller at 12:40 PM
Decagon Co-Founder & CEO Jesse Zhang at 12:50 PM
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Run of Show

Snap Officially Launches SPECS

Snap officially launched SPECS yesterday at a live event in Los Angeles. During the keynote, Evan Spiegel showed that the glasses can overlay turn-by-turn directions, translate conversations in real time, stream movies, take calls, etc. Spiegel also leaned into the joke about the glasses being comically big.

The launch video that Snap posted on socials included people using SPECS to play ping pong, asking SPECS about what piece of art they were looking at, tips and directions on how to cook a meal, and a FaceTime-like feature where users can make a hands-free video call and see the person they’re talking to in their field of view.

Bloomberg’s Mark Gurman and Chris Welch also tried out the glasses with Gurman calling the display “pretty sleek.” He highlights that, unlike other glassware devices, there is no tethered puck or dangling battery to make the glasses operate (i.e. Apple Vision Pro).

Gurman said, even though the glasses look and feel thicker than the Meta Ray-Ban glasses, they were comfortable during his live demo. But he recommends trying them on yourself before dropping a steep $2,195 on the device (there’s also a $2,395 option so you can use the glasses anywhere without Wi-Fi). You can do so at select Verizon stores.

You can pre-order the glasses here, which will most likely ship sometime this fall.

Clip Spotlight: Circle CEO Jeremy Allaire isn’t fazed by the Senate’s decision to block the CLARITY Act.

He believes regulators will keep moving crypto market structure forward, and Congress will eventually catch up with additional laws.

"The key thing is that a year ago The GENIUS Act, which makes digital dollars legal in the U.S. financial system, became federal law. So a lot of our work is done."

"CLARITY is about how trading venues get set up, clarifications around how DeFi is treated, etc. It's market structure."

"The agencies that regulate these things, like the CFTC, the SEC, even the bank regulators too, they're all just going to move forward and regulate it themselves."

"Eventually we'll get additional laws passed through Congress."