The monthly event, MCL entrepreneurship presentation, continued this week. Siyang Li gave a case study on Oculus, a company focusing on virtual reality. Oculus was founded in 2012, and was acquired by Facebook in 2014 for 2 billion dollars. It features two products at present; both are portable virtual reality display devices. Samsung Gear VR was released this year and Oculus Rift will be released in early 2016.
Siyang briefly explained the concept virtual reality at the beginning and then introduced the co-founders. The fact that the idea to establish a virtual reality technology company was brought up by a 20-year-old man, Palmer Luckey, surprised the audience. Then some details of the two products were shown in demo videos. At the end, Siyang emphasized that the solid technology and large market were the key to the success of Oculus. After the presentation, some MCL fellow students commented that a huge transition in game industry is on the way.