In September 2012, Oculus VR Inc. ran a Kickstarter campaign to raise money to build development kits for its virtual reality headset for video games.

That campaign raised $2.4 million from 9,522 backers. Many of the backers who pledged that $2.4 million to Oculus a mere 18 months ago are now upset to learn that they will receive absolutely nothing when Oculus is sold to Facebook for $2 billion in a transaction that was announced last week.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]