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> I figured that if Mark Zuckerberg decided it's worth pivoting his entire company towards that goal, he surely must have some data to back that up Maybe like
by sharkweek 4y ago
> I figured that if Mark Zuckerberg decided it's worth pivoting his entire company towards that goal, he surely must have some data to back that up
Maybe like 10 years ago when PG was more active on here he was participating in a thread (honestly forgot about what) where I ended up asking him “If Mark Zuckerberg applied to YC with objectively the worst idea you’ve ever heard, would you invest?”
And he said, “of course!”
I think at the time VR started making headlines, I thought was a pretty cool concept. I loved that Valve and Oculus (private at the time) were both going after it.
When FB bought Oculus I didn’t see an obvious connection, but like you’re saying I just assumed Zuckerberg knew exactly what he was doing.
Over time I’ve come to appreciate WHY they made the investment. If they had been right, they were going to be very right (and frankly in kind of a terrifyingly dystopian way imo).
I also wonder if FB could go back in time would they completely scrap VR investment? What (at the time) would have been their big bet instead?
- s1artibartfast 4y ago>I also wonder if FB could go back in time would they completely scrap VR investment? What (at the time) would have been their big bet instead? I think this is the relevant question. So many people fall into the Trap stop thinking in terms of binary outcomes, especially with hindsight information. This isn't how business investment works at all. The same people that are quick to judge investment failures can rarely produce an alternative idea with multi-billion dollar upside.