New Investment Group Commands $10 Billion For VR
The Virtual Reality Venture Capital Alliance (VRVCA) revealed itself to be a joint venture of the “top 30” Virtual Reality investors “in the world”. Members include HTC, Immersion Ventures, The VR Fund, and the Colopl VR Fund. Altogether the members control $10 billion in “deployable capital”. The group is led by Alvin Wang Graylin, the President of VR at HTC China.
VRVCA will be holding pitch sessions six times each year. They have two main areas of operation -- Beijing and San Francisco, but are willing to work with entrepreneurs located anywhere in the world.
“We are not searching for the next technology revolution because it is already here. We are searching for the next entrepreneur to lead it.”
Oculus Medium was shown in Canada for the first time recently. A tweet showing a 3D-printed creation made by an artist shows how far along the software has progressed.