Serial entrepreneur Linc Gasking acknowledges the power of exits to fire more great NZ startups

Wellington startup 8i, whose virtual reality technology uses the Oculus Rift headset to immerse viewers in the entertainment they’re viewing, has secured a million dollars of new investment to seize on what it calls a huge global commercial opportunity.

UK analysts KZERO estimates there will be 171 million virtual reality users worldwide by 2018 and 8i co-founder and CEO Linc Gasking says giants like Facebook (which bought Oculus VR earlier this year), Sony and Samsung are rushing to bring virtual reality hardware to market.

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