Benchmark's Mitch Lasky at Casual Connect.
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Riot Games investor Mitch Lasky is wary about funding VR

  • Posted byby Dean Takahashi
  • Updated
  • 2 min

Mitch Lasky has scored a lot of big investments as a general partner at Benchmark: He was an early investor in Snapchat, NaturalMotion, Gaikai, and Riot Games. But he is wary about investing in virtual reality game companies, Lasky said during a fireside chat at the Casual Connect USA game conference in San Francisco.

“A lot of venture capitalists jumped into VR. It is a dramatically overfunded space. The consensus is VR is the next big platform. Facebook says it is the new mobile phone. I don’t share that view,” he said Tuesday.

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Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.