The DeanBeat: Experiential Technology event shows how far VR has to go
“From what I have a sense of, there’s still a lot of investment pouring in from the platform holders,” said Shiraz Akmal, CEO of VR startup Spaces. “Seven-figure deals are happening. But the difference, at least from my perspective, is that the early days were more of a spray-and-pray kind of situation.”
He added, “Now it’s more targeted. ‘Hey, we’ve invested billions in this platform, and now we need a title that can help us sell the numbers that everyone was projecting a year ago.’ The competition for those dollars is more fierce. There are bigger stakes in the development community, especially those studios that have bet on VR. Consumer adoption is — it’s adopting, but not as fast as we’d all like.”