From $2M to $2B in 18 Months: What Entrepreneurs Can Learn From Oculus VR
Peter Diamandis says in his post on linked-in:
“As I’m sure you’ve already read, Facebook recently acquired Oculus Virtual Reality for $2 billion.
This is a huge deal… and here’s why:
Brief Company Timeline:
August 2012 – Oculus Rift raises $2.5M on Kickstarter
June 2013 – Oculus Rift raises $16M in venture capital
December 2013 – Oculus Rift raises another $75M, led by Marc Andreessen
March 2014 – Facebook buys Oculus VR for $2B.
The CEO of Oculus went from:
*”I’ve got an idea” — to —
“I run a $2 Billion company”
…in under 18 months. Ouch!*”