A host of major companies like Apple (AAPL), Facebook (FB) and Alphabet (GOOGL) are zeroing in on virtual reality, which was front and center at the Consumer Electronics Show in Las Vegas. ‘2016 is the year everyone in the virtual reality space has been waiting for,’ said Ryan Feit, CEO and co-founder of SeedInvest, an equity crowd funding service for startups. ‘In the coming months, companies like Facebook, Sony and HTC are all about to start shipping headsets for the first time, so all the excitement over the last three years is about to come to a head for everybody in the virtual reality space.’ He said Facebook’s $2 billion acquisition of Oculus is what woke people up to the potential of virtual reality. ‘If you’re any big tech company right now – Google, Facebook or Apple – you’re clearly taking virtual reality seriously and experts predict by 2025 it’s going to be a $60 billion industry,’ he said. Feit speaks with TheStreet’s Scott Gamm in New York.
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