Oculus CEO says selling to Facebook convinced big developers to build for it

Post by joeevans1000 » Tue, May 06, 2014, 2:26 AM UTC

AJ007 wrote: post #15

bobbles wrote: post #2

I was one of the people disappointed with the acquisition.. but to be honest as long as they put out a decent bit of kit and I actually get to experience VR the way they're demoing it I'll be one happy dude

I thought it was an early April Fool's joke. Cisco bought Flip for $590 million in 2009. By 2011 it was toast. While visionary for a moment, it wasn't perceptive enough to the impact of the smartphone. There is a case to be made that Oculus needs large amounts of capital to procure the manufacture of a huge volumes of headsets. Unless explicit guarantees were part of the sale, Facebook could allocate the capital to s…

Post by aniro » Tue, May 06, 2014, 2:31 AM UTC

rhizome wrote: post #5

bobbles wrote: post #2

I was one of the people disappointed with the acquisition.. but to be honest as long as they put out a decent bit of kit and I actually get to experience VR the way they're demoing it I'll be one happy dude

Looking forward to the Facebook App Store launch. What do you think its name will be?

Post by SnakeDoc » Tue, May 06, 2014, 4:06 AM UTC

dkarapetyan wrote: post #37

ajcarpy2005 wrote: post #31

Earlier quoted context omitted.

Startups need to be profitable too.

I don't think that's true. Sustainability makes for a better ecosystem. If you're driving towards breaking even and delivering value instead of profitability then it's a different kind of mentality. It's just that it's not the current status quo.