Patrick O'Luanaigh, CEO of VR game studio nDreams, discusses the company's release cadence and testing strategy in the nascent virtual reality market.
0:00 / 0:06exact quote · 6.2s
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“No, I mean, we can't say definitively every game we make is going to hit, but we're doing, you know, eight to 10 titles a year, and we're learning.”
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More from Patrick O'Luanaigh
Opinion
High-end VR hardware remains expensive and lacks killer apps
“At the moment, the hardware, the high-end hardware is still fairly expensive and there aren't any killer apps yet.”
Patrick O'LuanaighMar 11, 2017▶ 2:10EP 595: nDreams is #1 VR Application Creator, 250,000 Sold, $6M in Funding with CEO Patrick O'Luanaigh
Insight
VR market is too early for games-as-a-service and free-to-play
“At the moment, VR is a little bit too early to do service games and to do certainly free to play titles.”
Patrick O'LuanaighMar 11, 2017▶ 3:05EP 595: nDreams is #1 VR Application Creator, 250,000 Sold, $6M in Funding with CEO Patrick O'Luanaigh
AssertionNot checkable as stated
nDreams has sold nearly 250,000 VR units across all its titles
“And across all the titles we've launched so far, we've done just under a quarter of a million titles sold so far.”
Patrick O'LuanaighMar 11, 2017▶ 3:15EP 595: nDreams is #1 VR Application Creator, 250,000 Sold, $6M in Funding with CEO Patrick O'Luanaigh
Disclosure
nDreams projects $2M revenue in 2017, targeting $7M next year
“So, we'll do revenue of about two million dollars this financial year which is not bad. Next year, we'll do about six, six or seven. So, it gives you an idea about how we're growing at the moment. We did about seven 50 last year.”
Patrick O'LuanaighMar 11, 2017▶ 8:50EP 595: nDreams is #1 VR Application Creator, 250,000 Sold, $6M in Funding with CEO Patrick O'Luanaigh
AssertionNot checkable as stated
Perfect Beach accounts for roughly half of nDreams' unit sales
“It's probably about half of those. I think something like that.”
Patrick O'LuanaighMar 11, 2017▶ 3:31EP 595: nDreams is #1 VR Application Creator, 250,000 Sold, $6M in Funding with CEO Patrick O'Luanaigh
Disclosure
nDreams has raised about $6M in total venture capital
“I've raised about six million six million dollars so far.”
Patrick O'LuanaighMar 11, 2017▶ 8:04EP 595: nDreams is #1 VR Application Creator, 250,000 Sold, $6M in Funding with CEO Patrick O'Luanaigh
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