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Oculus Rift creator -- "We promise we won't change" following Facebook buyout

Writing on Reddit, Palmer Luckey addresses criticisms about the recent $2 billion acquisition.


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21-year-old Oculus Rift creator Palmer Luckey has responded to the wave of criticism over the sale of his company, Oculus VR, to social networking behemoth Facebook.

The $2 billion deal was announced yesterday and Luckey has been busy responding to questions on Reddit. Below are some key points Luckey made in his extensive Reddit feedback thread regarding the blockbuster acquisition.

Luckey doesn't think you'll still be mad a year from now:

"I won't change, and any change at Oculus will be for the better. We have even more freedom than we had under our investment partners because Facebook is making a long term play on the success of VR, not short-term returns. A lot of people are upset, and I get that. If you feel the same way a year from now, I would be very surprised."

You won't need to log into Facebook to use Oculus Rift:

"I guarantee that you won't need to log into your Facebook account every time you wanna use the Oculus Rift."

On how the Facebook acquisition will affect the freedom Oculus Rift developers will have:

"Oculus continues to operate independently! We are going to remain as indie/developer/enthusiast friendly as we have always been, if not more so. This deal lets us dedicate a lot of resources to developer relations, technical help, engine optimizations, and our content investment/publishing/sales platform. We are not going to track you, flash ads at you, or do anything invasive. I am 100% certain that most people will see why this is good in the long term."

Oculus Rift will actually become more open:

"We promise we won't change. If anything, our hardware and software will get even more open, and Facebook is onboard with that."

"Huge investments" for Oculus Rift content could be coming:

"We have not gotten into all the details yet, but a lot of the news is coming. The key points:

1) We can make custom hardware, not rely on the scraps of the mobile phone industry. That is insanely expensive, think hundreds of millions of dollars. More news soon.

2) We can afford to hire everyone we need, the best people that fit into our culture of excellence in all aspects.

3) We can make huge investments in content. More news soon."

Support for indie devs on Oculus Rift is going to increase:

"This deal will definitely make things better. You are right, we have struggled to properly support indie devs because we had to focus our limited resources on our closest partners, that has been a failing that I want to fix. Indie developers are the ones driving this VR revolution more than anyone else, and one of my personal goals has been to support them in a much stronger way. Our developer relations/publishing team is really small right now, just a few guys. That is one of the reasons Oculus Share applications have taken so long, they get backed up behind the hundreds of developers we talk to every day. We now have the resources to put a lot of money into indie VR content, you will be seeing some good news on that very soon."

Getting rid of venture capital investors will help Oculus grow:

"Facebook is making a long term bet on VR, not a short term run on profit. We have more freedom to do what we want now that our investment partners are out of the picture."

Oculus is actually leaving money on the table by going with Facebook:

"Sure, we could have made more money down the road, but this deal was not about making the most money. It was about doing the best thing for the long term future of virtual reality. This lets us make [Oculus Rift Consumer Version 1] everything we want it to be, which is going to drive much larger sales and adoption."

Zuckerberg won't control Oculus Rift's future:

"This acquisition/partnership gives us more control of our destiny, not less! We don't have to compromise on anything, and can afford to make decisions that are right for the future of virtual reality, not our current revenue. Keep in mind that we already have great partners who invested heavily in Oculus and got us to where we are, so we have not had full control of our destiny for some time. Facebook believes in our long term vision, and they want us to continue executing on our own roadmap, not control what we do. I would never have done this deal if it meant changing our direction, and Facebook has a good track record of letting companies work independently post-acquisition."

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