The Metaverse is investable — and it’s going to be big, says tech billionaire

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  • Orlando Bravo, co-founder and managing partner of private equity firm Thoma Bravo, told Businesshala he thinks “metaverse” is the big word for 2021.
  • It is a science-fiction concept whereby humans wear some sort of headset or smart glasses that allow them to live, work and play in a virtual world, as depicted in the novel and film “Ready Player One”.
  • “It’s worth investing in and it’s going to be huge,” Bravo said.

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According to Puerto Rican billionaire businessman Orlando Bravo, there is a case for “big time” investing in the so-called metaverse.

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Bravo, co-founder and managing partner of private equity firm Thoma Bravo, told Businesshala he thinks “metaverse” is the big word for 2021.

“It’s worth investing in and it’s going to be huge,” Bravo said Friday in an interview with Businesshala’s Annette Weisbach.

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The Metaverse is a science-fiction concept whereby humans wear some sort of headset or smart glasses that allows them to live, work and play in a virtual world depicted in the “Ready Player One” novel and film. Depending on your point of view, this is either a utopian dream or a dystopian nightmare.

The term Metaverse came into limelight this month by Facebook co-founder Mark Zuckerberg when he renamed Facebook to Meta and said the new company was going to focus on the Metaverse.

“The metaverse is the next frontier like social networking when we started,” he said at the time.

the announcement was mocked Video published last week inspired by Iceland, a marketing campaign for Icelandic tourism. In the video, a Zuckerberg-like resemblance introduces viewers to “Icelandverse”, the location of “augmented reality without silly-looking headsets”.

Dozens of other companies, including Microsoft, Roblox, Nvidia and Britain’s Improbable, are already trying to build the software and hardware that can power the metaverse.

Thoma Bravo has over $83 billion in assets under management and a portfolio that includes more than 40 software companies. It has invested in cybersecurity firms McAfee and Barracuda as well as enterprise software firm Dynatrace.

In addition to the metaverse, Bravo is also bullish on crypto and holds an undisclosed amount of bitcoin.

“How could you not love crypto?” Bravo said at Businesshala’s Delivering Alpha conference in September. “Crypto is just a great system. It’s frictionless. It’s decentralized. And young people want their own financial system. So it’s here to stay.”

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