philip lelyveld The world of entertainment technology

30Mar/16Off

Y Combinator still has space in next batch for right virtual or augmented reality startups

18963302h1405099*750xx2670-3560-0-220Y Combinator still wants your virtual or augmented reality startup to apply to its Summer 2016 batch.

The deadline to apply to the upcoming accelerator session was last week, but company President Sam Altman was so “sad about the lack of VR/AR companies” applying for the summer session that he extended the deadline for startups in that sector.

Even without Magic Leap, investment in AR/VR is still up 20 percent in the first quarter of 2016, compared to the $250 million invested in the fourth quarter of 2015. Analysts expect the AR/VR sector to hit $120 billion in revenue by 2020.

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