Oculus Cofounder Nate Mitchell Has Exited Facebook

OCULUS CONNECT
David Paul Morris/© 2017 Bloomberg Finance LP

Oculus Cofounder details Facebook exit on Reddit.

After seven years at Oculus—acquired by Facebook in 2014—cofounder Nate Mitchell is leaving the company after seven years, as described in a Reddit post earlier today.

“Hey everyone — I have some bittersweet news to share with this community," Mitchell wrote. "After 7 incredible years, I've decided to move on from Oculus / Facebook."

The post didn't reference the reason for his exit, instead turning attention to how much the company has evolved since 2012.

When we posted the Kickstarter in 2012, VR was mostly the stuff of science fiction. We didn’t know if people would take us seriously. We weren’t even sure we'd hit our original $250k target. But this community from around the world came together and helped make VR a reality. Fast forward just a few years later, and VR is changing people's lives every day. This is because of you.

Nate Mitchell, Oculus Cofounder

With Mitchell's exit, there are now no original founders left at the parent company, with Palmer Luckey leaving in 2017 because of pro-Trump affiliations and Brendan Iribe quitting in 2018 amid rumors of a Rift 2 cancellation. In fact, there are no founders left among any of the company's major acquisitions of Instagram, Oculus, and WhatsApp.

Mitchell claims to be taking time for himself in the wake of this exit, and made no announcement of new ventures. He expressed enthusiasm for the future of VR and Facebook.

"What's next for me: I'm taking time to travel, be with family, and recharge," Mitchell wrote. "Of course, I'll still be part of this community, but I'll have a much smaller role to play. I expect the incredible team at Facebook to continue to surprise and delight us on this mission to build the next computing platform. I can't wait to see what comes next."

Facebook acquired Oculus for what was originally thought to be $2B, but turned out to be closer to $3B in 2014. Since then, the company has released several different headsets, including Rift, Go, Rift S, and Quest—the latter of which sold $5M in content in the two weeks following its launch.

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Oculus Cofounder details Facebook exit on Reddit.

After seven years at Oculus—acquired by Facebook in 2014—cofounder Nate Mitchell is leaving the company after seven years, as described in a Reddit post earlier today.

“Hey everyone — I have some bittersweet news to share with this community," Mitchell wrote. "After 7 incredible years, I've decided to move on from Oculus / Facebook."

The post didn't reference the reason for his exit, instead turning attention to how much the company has evolved since 2012.

When we posted the Kickstarter in 2012, VR was mostly the stuff of science fiction. We didn’t know if people would take us seriously. We weren’t even sure we'd hit our original $250k target. But this community from around the world came together and helped make VR a reality. Fast forward just a few years later, and VR is changing people's lives every day. This is because of you.

Nate Mitchell, Oculus Cofounder

With Mitchell's exit, there are now no original founders left at the parent company, with Palmer Luckey leaving in 2017 because of pro-Trump affiliations and Brendan Iribe quitting in 2018 amid rumors of a Rift 2 cancellation. In fact, there are no founders left among any of the company's major acquisitions of Instagram, Oculus, and WhatsApp.

Mitchell claims to be taking time for himself in the wake of this exit, and made no announcement of new ventures. He expressed enthusiasm for the future of VR and Facebook.

"What's next for me: I'm taking time to travel, be with family, and recharge," Mitchell wrote. "Of course, I'll still be part of this community, but I'll have a much smaller role to play. I expect the incredible team at Facebook to continue to surprise and delight us on this mission to build the next computing platform. I can't wait to see what comes next."

Facebook acquired Oculus for what was originally thought to be $2B, but turned out to be closer to $3B in 2014. Since then, the company has released several different headsets, including Rift, Go, Rift S, and Quest—the latter of which sold $5M in content in the two weeks following its launch.

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Jesse is a writer, curator, producer, entrepreneur, and public figure in emerging technology. He is Deputy Director of Emerging Technology at Southern New Hampshire Uni...