Saar Gur is proficient at recognizing the next big consumer patterns earlier than many: The San Francisco-based basic partner at CRV has led investments into leading consumer web business like Niantic, DoorDash, Bird, Dropbox, Patreon, classpass and kapwing.
His own experience stuck at house throughout the COVID-19 pandemic spurred his interest in 3 brand-new investment styles focused on the next generation of games: those developed for VR, those constructed on top of Twitch and those constructed for video chat environments as a socializing tool. TechCrunch: We have actually remained in a “VR winter season,” as it’s been contacted the industry, following the 2014-2017 wave of VC funding into VR drying up as the market stopped working to get huge customer adoption. You believe VR could soon be hot once again. Why?
Saar Gur: If you track profits of third-party games on Oculus, the numbers are getting interesting. And we think the Mission is not rather the Xbox moment for Facebook, but the gadget and market reaction to the Mission have actually been excellent. So we are more participated in looking at VR video gaming start-ups than ever in the past.
What do you imply by “the Xbox moment,” and what will that look like for VR? Facebook hasn’t been able to keep up with need for Oculus Mission headsets, and a lot of VR headsets appear to have offered out during this pandemic as individuals look for entertainment at home. This seems like progress. When will we cross the limit?
Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.