This acquisition is yet another reminder of why nothing can take the place of a spectacular, original idea in business.

 By Ben Feuer

 

Remember three weeks ago when I told you about how awesome the potential of Oculus Rift's VR technology was?  Well, Facebook agrees with yours truly, and it's putting its money where its mouth is, to the tune of $2 billion dollars.  Forbes, which misidentifies Oculus as a "gaming startup", but Zuckerberg gets it -- "Oculus has a chance to be the most social platform ever, he says.  Darn right it does.

So once again, we come back to the same point, but it bears repeating.  If you are applying to a top business school this year, have a top business idea ready and waiting for them!  No one is interested in your pay bump or your promotion.  Take a community, small or large, that you know well, and find a way to transform it completely -- that is the path to success.