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Mike Rothenberg envisions a world where psychiatrists help people conquer their fear of heights using virtual reality, where students learn new skills in immersive virtual worlds, where paraplegics can roam digital streets without leaving their beds.

That world isn’t here yet, despite recent advances in VR technology, but Rothenberg thinks it’s close. To get there, however, we’re going to need more companies building new hardware and software. And that’s going to take capital. “The innovators have been stepping up for decades,” he says. “It’s time for the financiers to step-up.”

Image: Josh Valcarcel/WIRED