Luckey: Oculus 'lost money' on Kickstarter by 'grossly underestimating' Resources

Tuesday, 08 October 2024

Luckey: Oculus 'lost money' on Kickstarter by 'grossly underestimating' Resources

Added: 24.10.2014 5:12 | 3 views | 0 comments

VRFocus - The origins of the Oculus Rift virtual reality (VR) head-mounted display (HMD) have been well documented. Though its far from the start of the story, in 2012 creator Palmer Luckey and the rest of the team at Oculus VR ran an immensely successful Kickstarter campaign for the device, raising nearly $2.5 million USD to create its first development kit. You might think that, with this kind of money, the company would have more than enough resources to deliver on their obligations. As it turns out, it wasn't enough.