Palmer Luckey, a 22 year old, created a product called the Oculus. This product is a virtual reality headset that is used for gaming but can also be used for videos. However, he didn’t start his interest in creating a virtual reality, with the Oculus; rather, at age 14, he started small. In his garage, he would manipulate old iPhone’s and TV monitors into the beginnings of a virtual reality headset like the Oculus. After having developed many prototypes, one caught the eye of John Carmack, who is the founder and CEO of the tech company id Software. Carmack decided to show Luckey’s product at a gaming conference in 2012. A few days after the conference, Luckey dropped out of school and started Oculus with his friend Brendan Iribe, who is now CO of the company.
Soon after Luckey dropped out of school, he started a Kickstarter campaign to gain initial funding to create a marketable product. The goal for the Kickstarter campaign was $250,000. In the end, the campaign garnered around 2.4 million dollars after which a venture-capital company contributed 75 million to the same cause.
Now, the Oculus Rift is going into market for games and game makers are making specific games to cater to its use. Furthermore, Luckey sold the company to Facebook for 2 billion dollars. I’d say his tinkering in his garage was worth it.
Works Cited