Why VR isn’t here yet

From https://finance.yahoo.com/news/apple-lead-faang-performers-again-144241234.html

Hardware agnosticism

Alyx’s hardware support list. Where’s my Quest?!

Unsolved problems

VR lacks a social business model

From https://www.statista.com/statistics/382260/segments-share-revenue-of-apple/

What’s the business model?

  • Will people sign up (Netflix like) and then use it, paying a monthly fee?
  • Will companies subsidize VR use by pushing advertising or clever product placement, like Youtube?
  • Will it be a consumption-based economy, or one where avatars and skins and premium abilities cost more, like some free-to-play games or Snapchat filters?
  • Will we pay for storage and consumption, like Dropbox or AWS?
  • Will we pay a per-transaction fee, like an app store tax? Or will the virtual world include its own currency, playing the float, some variant of Bitcoin or Etherium?or something similar.
  • Will it be a form of rent for property, the way Second Life worked some of the time?
  • Maybe it’ll be many worlds — “I’ll meet you in Azeroth.” Vernor Vinge’s Rainbow’s End has a collision of two incompatible worlds (what he calls “Belief Circles”) at its climax. But a major theme is the crowdsourced nature of that future. Most traditional media haven’t noticed the rise of demand-then-business content creation (Complexly is a good place to start.) And there’s always Patreon.

Great fortunes come from business models

“The firm rarely produced the engine itself: it had the purchaser buy parts from a number of suppliers and then assembled the engine on-site under the supervision of a Soho engineer. The company made its profit by comparing the amount of coal used by the machine with that used by an earlier, less efficient Newcomen engine, and required payments of one-third of the savings annually for the next 25 years.”

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Writer, speaker, accelerant. Intersection of tech & society. Strata, Startupfest, Bitnorth, FWD50. Lean Analytics, Tilt the Windmill, HBS, Just Evil Enough.

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Alistair Croll

Alistair Croll

Writer, speaker, accelerant. Intersection of tech & society. Strata, Startupfest, Bitnorth, FWD50. Lean Analytics, Tilt the Windmill, HBS, Just Evil Enough.

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