High Fidelity Gets New $22 Million Investment to Grow Virtual Reality Platform - Printable Version +- Second Life Copybot (https://secondlifecopybot.com) +-- Forum: THE LOUNGE (https://secondlifecopybot.com/forum-24.html) +--- Forum: News (https://secondlifecopybot.com/forum-822.html) +--- Thread: High Fidelity Gets New $22 Million Investment to Grow Virtual Reality Platform (/thread-16384.html) |
High Fidelity Gets New $22 Million Investment to Grow Virtual Reality Platform - Second Life - 12-10-2016 High Fidelity Gets New $22 Million Investment to Grow Virtual Reality Platform Update, December 9: Bumped up for weekend discussion and sharing! [To see links please register here] just got a major investment of $22 million, the Wall Street Journal[To see links please register here] but didn't get much notice, since it was listed deep in a roundup of Form D regulatory filings."Investment was led by IDG Capital and new investor Jim Breyer / Breyer Capital," High Fidelity founder and CEO Philip Rosedale just confirmed to me."We'll have more to say as we get farther along with [To see links please register here] !"$22 million is a pretty big cash infusion; in terms of burn rate, you could, say, hire over 200 new employees for a year with that kind of money (or 100 for two). Looks like High Fidelity is aiming for a major push at the mass market now. Also interesting when you look at what companies this new investor, [To see links please register here] , has in its portfolio:Marvel and the movie developer Legendary (Dark Knight, Interstellar, other massive hit). So also looks like Philip's new investor sees the consumer entertainment appeal to High Fidelity -- not to mention VR. Hat tip: [To see links please register here] [To see links please register here] Please share this post: [To see links please register here] |