Recently, Facebook announced an agreement to purchase virtual reality (VR) startup Oculus VR for $2 billion. In less than two years, the Oculus VR headset had gone from founder Palmer Luckey’s prototype to Kickstarter darling to being purchased by Facebook. How does a company that’s less than two years old, with less than one hundred employees and no retail consumer product garner $2 billion from Facebook? Intellectual Property/Intangible Assets. Like many other tech comp