The VR industry faces a chicken-egg scenario — headsets without entertainment are rendered useless and vice versa. With headset device penetration increasing and an overall market expected to $160 billion globally by 2020, the opportunity for VR/AR and 360 video companies is high despite unproven revenue-generating business models.
This will be the question to be answered by Jaunt’s latest power hire — Jean-Paul “JP” Colaco, who has been appointed as the VR startup’s Chief Revenue Officer. Announced today, Colaco will report to recently-appointed George Kliavkoff, Jaunt’s President and CEO. Colaco joins the company from Vessel, a video startup he helped build alongside former Hulu CEO Jason Kilar and CTO Richard Tom. After raising over $130 million from Benchmark, Greylock Partners, and Bezos Expeditions (the personal investment company of Jeff Bezos, Vessel was unceremoniously acquired by Verizon in late 2016 as part of the telco’s continued efforts to dominate in video streaming. Colaco also served as SVP of Advertising at Hulu under Kilar’s tenure.
“I see that the mile markers are there for this to become a high growth industry over the long run,” added Colaco about the nascient business of VR. Jaunt’s premium programming is available iOS, Android, Gear VR, Google Daydream, PlayStation VR, Oculus Rift, HTC Vive and major desktop browsers and compatible for viewing in 360.