Patrick O'Luanaigh

It was really interesting, but it wasn't a platform that was going anywhere.

And we fell in love with VR three years ago, saw the first Oculus headset.

Sony showed us their headset very early on.

And we just kind of went nuts over it, to be honest with you.

It was bootstrapped up to a few years ago.

We raised capital primarily for VR.

We realized that virtual reality, you know, three years ago was very early.

There were no VR headsets launched.

We wanted to be in early and understand it.

And we had some profits, you know, in the bank, but we didn't have enough to fund it.

So we actually raised some money through a UK VC, relatively small UK VC called Mercy Technologies, and they've supported us over the last few years.

And that's worked pretty well for us, actually.

So how much total have you raised?

I've raised about $6 million so far.

No, I mean, we did the investments really before there was any VR market at all.

So it is purely on what people think the market is going to be and where we think we're going to be in terms of sales and revenue over the next few years.

It is difficult.

You certainly can't value a company like ours on current revenue and current profit.

I mean, not least because we're not profitable yet.

This is still so early.