Born in 1992, Palmer Luckey is the founder of Oculus VR and inventor of the Oculus Rift, a consumer virtual reality head-mounted display. Luckey began creating prototypes to explore features like 3D stereoscopy, wireless, and extreme 270-degree field-of-view.
In 2010, Palmer Luckey dropped out of California State University, Long Beach, to focus on developing the headset. The Rift was his sixth-generation unit and was intended to be sold as a do-it-yourself kit on the Kickstarter crowdfunding website.
Luckey started Oculus VR in order to facilitate the Kickstarter campaign. Eventually, he received investments in the prototype, and the Kickstarter campaign raised $2.4 million. As a result, Oculus VR targeted a larger scale of units and expanded with more employees. In March 2014, Facebook acquired Oculus VR for $2 billion. As of July 2014, Luckey continued to work at Oculus VR on core VR technology.