VR Shark Tank

HTC Announces VR Venture Capital Alliance with $10 Billion in “deployable capital”

According to the group’s official site there’s a staggering $10 billion in “deployable capital” between the investors, but that doesn’t necessarily mean that all of this money will be distributed between companies that pitch. It just means that money could be used to invest in those startups.

Anyone who has ever watched Shark Tank (aka Dragon’s Den) better realize this is likely to be the same kind of deal. You’ll wind up as an employee at the company only you had the vision to create.

The end game for all of this alleged money is easy to see: Merge the smaller companies into larger ones, IPO the shit out of them, cash out, and leave you holding the bag as an employee.

Lots of luck with that shit.

Previously here:

Virtual Reality category

This entry was posted in So Stupid It Hurts, Virtual Reality. Bookmark the permalink.

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