From Kickstarter to exit: how Oculus made billions without building a single product

oculus-rift

Well this is interesting. Facebook has been on a Yahoo-cum-Google spending spree of late. As everyone who cares and some who don’t now knows, the social network has doled out US$2-billion on a startup that hasn’t actually finished building its product. Welcome to the “Unicorn Club” Oculus.

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“Oculus has the chance to create the most social platform ever, and change the way we work, play and communicate,” Facebook CEO Mark Zuckerberg said in a statement following the acquisition announcement.

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