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Funding for VR

3D_VisualDesigner3D_VisualDesigner ✭
in Discussion

Hello,
Can anyone suggest what bridge to cross to get to investors and funders for VR development without being a non-profit?

Answers

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    AshAsh ✭

    A clear idea/presentation of what you are proposing to do with the technology and a strong business plan which shows a likely and regular income and how the investors would benefit (with realistic figures).

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    AlanFosterAlanFoster ✭
    edited November 2016

    Here are a few routes that I'm taking:

    • Public meetups through meetup.com, I now attend the BostonVR and BostonAR meetups regularly.
    • Consider treating the use of VR/AR as a Unique Value Proposition, which opens you up to investments not exclusively for VR. This depends on the importance of the problem you're solving. If it's for entertainment, you're basically screwed.
    • Do you actually need funding? Statistically, 50% of all VR/AR developers are currently bootstrapping. Being funded puts you in the top 25%
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    papiotpapiot ✭

    As @AlanFoster mentioned above, come up with a really good value proposition. Doesn't matter what field it's in, raising capital is really about convincing someone (anyone) that the money they'll give you MIGHT give them a return of 5x in a reasonable amount of time - and the risk is that they'll loose it all :)

    So it's not really about VR at all, it's about investing in general.

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