MN: Crowdfunding will work very well for some things which are very popular, but not well for others. People also need to recognize that a successful crowdfunding campaign takes a lot of time. It may only run for 30 days, but they will need to prepare for a lot longer than that beforehand. They will probably be completely busy with it while it runs and they will not be doing other things such as fund-raising or working on other parts of their startup.
VRW: Facebook says that the next computing revolution will be in 10 to 15 years and that this will likely involve virtual reality and augmented reality. Do you think Facebook is on the right track in its prediction? And are companies that have built their business around VR (like Oculus) on the path to attaining traction, relevance and technical superiority in this field?
MN: Having spent a lot of money on Oculus, I think that Facebook needs to say that is where the future is. I think it is very hard for anyone to predict where we will be and what will be hot in three years, let alone 10 to 15 years. If Google, Facebook and Apple knew where we were going to be in 10 to 15 years they would be spending a LOT more money on just that one thing. But they do not.
VRW: Thanks for your time.