20May/17Off
The ambitions of VR and AR developers don’t match their financing needs
According 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.
See the full story here; https://venturebeat.com/2017/05/10/the-ambitions-of-vr-and-ar-developers-dont-match-their-financing-needs/