philip lelyveld The world of entertainment technology


The ambitions of VR and AR developers don’t match their financing needs

vr_headset-shutterstock_427716028According to the 34-page survey, 50 percent of VR and AR developers indicated that they will require more financing in the future, stating they will need additional rounds of more than $1 million. In order to raise this level of investment, companies typically need to have the ambition to achieve at least $10 million in revenue within five years. However, the average developer in the survey expects their firm to generate “only” $1.3 million.

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