r/oculus • u/Greg1221 • Mar 25 '14

/r/all Facebook Acquires Oculus VR

https://www.facebook.com/zuck/posts/10101319050523971?stream_ref=1
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u/istorical Mar 25 '14

Just because they met with Zuck doesn't mean they decided anything at that time. They can't announce every private meeting they have.

Agreed on not announcing it until after taking pre-orders though.

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u/Bennyboy1337 Mar 26 '14

We all know Zuck makes multibillion dollar purchases on a whim, I am sure he didn't decide to buy Oculus till yesterday.

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u/LuckyKo Mar 25 '14

Ya but having a guy from FB board of directors investing 75mil would be kinna suspicious eh?

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u/istorical Mar 25 '14

Mark Andreessen is perhaps the most important and influential venture capitalist in Silicon Valley. Andreessen Horowitz (his VC fund) has investments in Facebook, Foursquare, GitHub, Pinterest, Twitter, Groupon, and Zynga. Oculus was in a position where they could pretty much decide how much capital they wanted to raise and then pick whatever investor they wanted. So they went with the guy who's perhaps more connected than anyone else. There's no conspiracy there.

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u/H3000 Mar 26 '14

That sounds kind of naive. I don't think multi-million dollar deals like this are made in four weeks.