Facebook has acquired BigBox VR, a Seattle-based developer behind the virtual reality games Population: One and Smashbox Arena. Launched in October of last year, Population: One has quickly become one of the more prominent multiplayer VR games. BigBox VR poured years into developing the game, a take on the battle royale genre popularized by Epic Game’s Fortnite. In late 2018, BigBox VR raised...
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Here’s some food for thought about initial public offerings. Yesterday I asked Brex co-CEO Henrique Dubugras when he thought the IPO window would open. His fintech company, after all, is one of many that could be beating down that door. Having raised $1.5 billion in funding, Dubugras said the company has a plan to break even off its existing funding. When I ask the IPO question, I usually...
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