Saar Gur is adept at figuring out the subsequent large shopper traits sooner than most: The San Francisco-based basic associate at CRV has led investments into main shopper web firms like Niantic, DoorDash, Bird, Dropbox, Patreon, Kapwing and ClassPass.
His personal expertise caught at residence through the COVID-19 pandemic spurred his curiosity in three new funding themes centered on the subsequent technology of video games: these constructed for VR, these constructed on high of Twitch and people constructed for video chat environments as a socializing instrument.
TechCrunch: We’ve been in a “VR winter,” because it’s been known as within the trade, following the 2014-2017 wave of VC funding into VR drying up because the market failed to achieve large shopper adoption. You assume VR may quickly be sizzling once more. Why?
Saar Gur: If you monitor revenues of third-party video games on Oculus, the numbers are getting fascinating. And we predict the Quest is just not fairly the Xbox second for Facebook, however the system and market response to the Quest have been nice. So we’re extra engaged in VR gaming startups than ever earlier than.
What do you imply by “the Xbox second,” and what’s going to that appear like for VR? Facebook hasn’t been in a position to sustain with demand for Oculus Quest headsets, and most VR headsets appear to have offered out throughout this pandemic as folks search leisure at residence. This looks like progress. When will we cross the brink?