MEET THE MAN WHO’S BANKROLLING VIRTUAL REALITY
Boost, a $7.1 million fund, focuses on investing between $25,000 and $100,000 in VR companies that go beyond the obvious (gaming). Along with bitcoin and blockchain companies, their portfolio of 45 VR companies worldwide boast a diverse list: education (Unimersiv), tourism (Realities) health care (Fearless VR), messaging and social networks (Beloola).
But with four virtual reality unicorns on the scene valued at $1 billion or more — Magic Leap, Oculus, Blippar and MindMaze — virtual reality analyst Nizar Tarhuni doubts more will come anytime soon.
Plus, bigger players are quickly rising, with HTC Vive’s $10 billion Virtual Reality Venture Capital Alliance.
Today, Draper’s portfolio of investments is currently valued at more than $1.5 billion.
See the full story here: http://www.ozy.com/rising-stars/meet-the-man-whos-bankrolling-virtual-reality/71566