VentureBeat reports “Virtual reality has some real fuel to burn now. A bunch of venture capital firms and VR companies such as HTC have formed the Virtual Reality Venture Capital Alliance with $10 billion in funding to invest in VR and augmented reality projects.
That’s a huge amount of money — more than typically is invested in the entire game industry over a couple of years — to invest in a single sector. But it tells you how bullish the 28 VC firms and VR/AR companies are when it comes to the potential of VR, which is forecast to be a $30 billion market by 2020, according to market researcher Digi-Capital. This will be a hot topic at our AR/VR day at ourGamesBeat 2016 conference on Aug. 1-3.” Read More