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Oculus VR Investor: Facebook ‘Came Knocking’ In December And ‘Fell In Love’ Business Insider, March 31, 2014 Santo Politi, the founder of Spark Capital which co-led a $16 million round of Series A funding for Oculus VR in June, says Facebook expressed interest after the virtual reality company closed its second round of funding. In December, Andreessen Horowitz led a $75 million round of Series B funding for Oculus VR, which included "significant" additional investment from Spark Capital, Matrix Partners and Formation 8. More Why Oculus VR Investor Is Bullish On Facebook Shares Forbes, March 26, 2014 Politi met Oculus VR’s 21-year-old founder, Palmer Luckey, at the San Francisco airport about a year ago. Noted Politi, “I had heard about the product from its Kickstarter and a friend arranged an introduction. I was heading back to Boston and he was in LA. We decided to meet at the San Francisco airport and he let me try out the Oculus Rift. It was life altering and I wanted to invest immediately. I convinced him to fly to Boston to meet my partners. They all tried it and were blown away. We gave him a term sheet.” More How Will Facebook Use Oculus Virtual Reality Tech? Bloomberg TV, March 26, 2014 Spark Capital Founder Santo Politi discusses Facebook’s deal to buy Oculus VR on Bloomberg Television's “Bloomberg West.” More Facebook Buys Oculus: Latest Win for Hot Venture Firm Spark Capital Wall Street Journal, March 26, 2014 A little more than nine months ago, Oculus VR Inc., a developer of virtual reality gaming technology, said it closed a $16 million Series A round led by Matrix Partners and Spark Capital.

Today Facebook Inc. said it agreed to buy the startup for about $2 billion, marking another in a string of wins for Boston-based Spark.
More Hallway Chat #18, March 24, 2014 Nabeel and Bijan's podcast this week covers “What does Sony’s entry to VR mean for Oculus? Plus Calendars, Secret, and Reed Hastings latest moves.” More