So, imagine that in 2011, 5 years ago, you approach some VC and say:
"Hey, we are building this VR hardware and games for it, we would need ~1M to finish it".
I think that there is high chance that you would get some weird looks, and possibly few remarks how that is a "dead technology, tried once, and obviously failed".
And then, fast forward couple of years there is whole industry around VR, jobs, hardware, software, the whole eco system.
You only need one strong player in a field, and suddenly everyone and your neighbour kid is doing it.
"Hey, we are building this VR hardware and games for it, we would need ~1M to finish it".
I think that there is high chance that you would get some weird looks, and possibly few remarks how that is a "dead technology, tried once, and obviously failed".
And then, fast forward couple of years there is whole industry around VR, jobs, hardware, software, the whole eco system.
You only need one strong player in a field, and suddenly everyone and your neighbour kid is doing it.