S.F virtual reality accelerator will promote the technology
Next month, 10 startups will move into Rothenberg Ventures’ South of Market office as the first class in its River accelerator. The companies will each receive $100,000 in investment and mentoring during their three-month stay.
“There’s hundreds if not thousands of people who have been building the various parts of the ecosystem already, (but) funding hasn’t really been there for really passionate people to quit their day jobs to build companies up until now,” Rothenberg said.
Rothenberg, 30, says River is the first accelerator for virtual reality companies. Having invested in virtual reality startups, he was surprised to find there were no accelerators devoted to the sector.
“The investor in us was kind of disappointed in that, and the entrepreneur in us said 'OK then, we’ll build that,’” he said.
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