Friday August 7, 2020

Jane Ruffino: Crowdfunding gives funders a sense of virtual control, but the reality is a lot different

Last week, Facebook bought Oculus VR, a virtual reality company founded by the impossibly young and appropriately named Palmer Luckey.

30th March, 2014
Jane Ruffino.

Last week, Facebook bought Oculus VR, a virtual reality company founded by the impossibly young and appropriately named Palmer Luckey.

Luckey built his Rift headset because he wanted to make gaming more fun for himself and his friends. He and his team raised $2.5 million on Kickstarter in 2012, backed by more than 1,000 enthusiastic gamers and game developers. By the end of 2013, Oculus VR had raised over $90 million in venture capital.

As soon as the Facebook acquisition...

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