A shame this article doesn't mention Valve which is where the technology came from. In fact what the VC's were demoed was Valve's $75 million rig (which does indeed look very good!).
And when Oculus started a ton of Valve IP was handed over to them...
No. Valve hired Jeri to build them a hardware group to work on 'the next thing'. That team split in the middle with Jeri doing AR and the rest doing VR. Valve didnt want AR and dropped Jeri and her team (just fired them one day without explanation). The only decent thing Valve did was let Jeri keep all the AR IP she build with her team.
I am surprised this was down voted, since (as I replied to a reply) this doesn't seem to be any sort of secret. In fact someone brought it up at a VR meet up I was at a couple of weeks ago and they certainly didn't mean it as any sort of criticism.
And when Oculus started a ton of Valve IP was handed over to them...