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Oculus does have a real, physical, available product - I've used one personally that my friend bought (albeit through the kickstarter page). There are definitel
by pachydermic 12y ago
Oculus does have a real, physical, available product - I've used one personally that my friend bought (albeit through the kickstarter page). There are definitely people who are interested and it actually worked relatively well. Maybe it won't catch on, but I don't think it's absurd like many other tech start ups.
Plus, they weren't bought for $2 billion. They were bought for $400 million in cash and the $1.6 billion in FB stock which is quite a different thing. If you believe that FB is overpriced, then they were really bought for a lot less than $2 billion.
- wcummings 12y agoWhat does the product being physical have to do with its value?
- HCIdivision17 12y agoHaving a functioning prototype that is good enough to sell is a massive hedge against failure. Even if the company flops, the tech is going to be worth _something_ substantial. This is in contrast to a device that exists on paper only: concepts are useful, and engineering has value, but without an physical device there are a lot of reality checks left. It's the hardware equivalent of ideas are cheap, but implementations are where real value lies.
- wcummings 12y agoYou can have a functioning prototype of a intangible good (software), this also requires engineering effort and holds tangible value.