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

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.

“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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