Presence Capital investor predicts the 2017 market for AR/VR

Posted byby Dean Takahashi
October 11, 2016
Updated June 18, 2025
10 min

After nearly a year of investing in virtual reality and augmented reality startups, Amitt Mahajan is still bullish on the market. The cofounder of Presence Capital runs a VR seed fund with former HTC executive Phil Chen and startup veteran Paul Bragiel.

It’s a historic month for VR, with new platforms coming along like Google Daydream, Oculus Touch, and the Sony PlayStation VR. But Mahajan says that we are just at the beginning of a long cycle that will bring all sorts of changes to every industry. And Mahajan’s firm has already invested in 25 AR and VR startups.

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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.