Don Stein
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The median sized round of an AR/VR/3D startup raising in Q1 2024 is between $2M to $4M according to Crunchbase, signaling the majority raising right now are at the Seed stage. AR/VR Funding Trend This is in stark contrast to A.I. startups which have seen 298 funding rounds announced in Q1 2024 with the majority of round sizes between $20M to $40M. AI Startup Funding Trend However, AR/VR is still very much alive thanks to Apple's new device, and the Quest 3 (and Orion) announcements from Meta....
Last week we hosted an incredible conversation with Sam Cole, Founder and CEO of FitXR. He's raised nearly $30,000,000 for his company, and has become one of the leading players in XR Fitness. You can watch the full recording of our conversation below: How did Sam Cole come up with the idea of fitness in virtual reality? Sam explained his interest in VR and AR (referred to as XR) began around 2013-2014, particularly with companies like Magic Leap and Oculus. He mentioned, "I remember thinking...
Hoping you can all join me next Wednesday. We’re bringing in Sam, who was one of the most important apps on the Meta Quest store back when I worked at Meta. He looked at VR as an opportunity to re-invent fitness. People are now using FitXR as a supplement to their home work outs. This type of founder-thinking is what separates the great ones. I never would have guessed that one of the best markets in VR would be fitness, but what do I know :) Please RSVP for this special convo:...
How Sam Raised $10M+ in VC Financing It's my honor to invite you to RSVP and learn how Sam raised $10M+. We've arranged for Sam, CEO of FitXR, to come speak with us about: $10,000,000+ in VC Funding Building an investor network Acquiring 10K+ user ratings on the App store Founder Guidance Founder Guest Sam Cole is the Founder and CEO of FitXR. The #1 fitness app on Meta Quest store. Raising $10M+ RSVP Now Emcee & Host Don Stein raised capital multiple times over the decade for his two VR...
Top stories from the community I really enjoyed catching up with my advisor and friend last week, Niko Bonatsos. I hope his interview helps you! What Metrics Should Startups Target? "Consumer startups aim for 30%+ of users to continue using the app a month after they first try it." "Enterprise startups should aim for 120% NRR." -Niko, Managing Director @ General Catalyst Watch Full Interview ------------------------------------------------------- Upcoming Convo's Sam Cole, CEO @ FitXR (Raised...
Please join us on Zoom if you're not already in there! https://us06web.zoom.us/j/84491349954?pwd=zlgguva4iNDvfcKaMp8Vd3SzqykFiL.1 Niko has 250K followers on LinkedIn, manages billions of dollars, and is nice enough to join us for the next hour! Please think of questions you'd like to ask him as well! -Don Stein Founder Collective
Niko @ General Catalyst! A (virtual) reality check for founders and VC's from Niko It's my honor to invite you to RSVP now to one of the most fun AR/VR conversations of the year. We've arranged Niko, Managing Director of General Catalyst to share his investing perspective on frontier tech, AR/VR, startup metrics, and more. RSVP Below General Catalyst Niko Bonatsos and General Catalyst has funded startups like Stripe, Warby Parker, Canva, Hubspot, Snap and Discord. They're top tier globally....
🏆 Guide to Raise Capital for XR Startups 🏆 Published by Don Stein of The Spatial Collective (fka, Metaverse Monday) • 15 min read ▶️Embark on Your AR/VR Funding Journey with Confidence Think you have the next breakthrough in the realm of AR/VR? You're onto something big? As with any rocket-ship, the journey from concept to reality requires fuel - capital. This is your roadmap to that critical resource. This guide includes: ▶️Introduction▶️Quotes from AR/VR founders▶️Lists of AR/VR...
ZOOM link to join: https://us06web.zoom.us/j/84491349954?pwd=zlgguva4iNDvfcKaMp8Vd3SzqykFiL.1 Starting NOW with our special guest from the top tier VC fund in SF, Lightspeed Ventures! See you there! -Don Stein
What makes a great AR/VR CEO? I did my best to aggregate advice from some of the top CEO's in our industry, hopefully this helps you today by putting you into the right founder mindset. My thoughts after meeting the top AR/VR CEOs: Over the past decade, I’ve been a bit of an archaeologist for AR/VR CEO’s. I’ve met so many of them, worked with so many, and have watched so many of them from a front row seat as they embarked on their journey. Working as an investor, an adviser, a friend, and...