Valve on virtual reality: ‘We want to make sure that developers don’t get burned’

Virtual reality might seem inevitable, but we’ve seen this tech go through a false launch once before. As several hardware and software companies invest millions in the space, everyone seems a bit more cautious.

Valve, the developer responsible for the Steam digital-distribution store for PC games, is one of those invested companies that isn’t necessarily putting an immediate emphasis on generating profits. In an interview with RoadToVR, Valve writer — and de facto VR spokesperson — Chet Faliszek said that the company is worrying about its fellow VR developers first. Tech advisor Digi-Capital is predicting that the VR and AR market could generate as much as $120 billion in revenue by 2020.