An investor took over as CEO already and started calling himself a co-founder? That's a huge red flag.
Except it isnt. Brendan Iribe has been working in the Computer graphics/games industry for ages, co-founding Scaleform (video game UI system) and then working as chief product officer for Gaikai (really impressive video game streaming technology). Oculus also has other co-founders who worked in the same companies. The fact that Luckey, who is 20 years old, gave the CEO role to Iribe makes perfect sense. This is not the next social networking website after all, they want to transform the world with hardware products.
Except it isnt. Brendan Iribe has been working in the Computer graphics/games industry for ages, co-founding Scaleform (video game UI system) and then working as chief product officer for Gaikai (really impressive video game streaming technology). Oculus also has other co-founders who worked in the same companies. The fact that Luckey, who is 20 years old, gave the CEO role to Iribe makes perfect sense. This is not the next social networking website after all, they want to transform the world with hardware products.