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New VC Firm May Be First To Focus Exclusively On VR And Augmented Reality

Presence Capital was started by HTC Vive founder Phil Chen and serial entrepreneurs and investors Paul Bragiel and Amitt Mahajan.

Virtual reality and augmented reality have finally arrived in consumer form, and together are predicted to be a $150 billion industry by 2020. So it’s no surprise that investors want a piece of the action.

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