Today, at the GSMA Mobile World Congress in Shanghai, HTC Vive announced a $10 billion initiative to put the investment weight of much of the industry on the back of itself and its partners, which include a number of VR centric VC houses, in addition to more staplefirms like Sequoia Capital and Redpoint Ventures.If that $10 billion number seems a bitstaggering for a VR fund, good job at being skeptical. While the VRVCA will undoubtedly be dropping quite a bit of cash into portfolio companies, the $10 billion refers to theamount of capital that the combined weight of the firms has at itsdisposal, not necessarily the amount they are strictlydedicating to VR investments.The VRVCA will be meeting every two months in SF and Beijing to hear from companies hoping to raise some funds to power their ideas. VR startups looking to get their piece of that $10 billion deployable pie cansubmit pitch decks to the VRVCAtoday for review https://www.nfljerseyshopdiscount.com .
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