Amitt Mahajan co-created FarmVille and served as Zynga's CTO, giving him rare experience in building massive social games that he now applies to evaluating VR/AR startups at Presence Capital. He started as a hands-on engineer before becoming a venture investor, and he directly uses lessons from scaling Facebook games—like fast iteration and user retention—to help immersive technology companies grow.
What they've been talking about across their social media accounts

- Enthusiasm for the rapid evolution of AI and the shift toward an agentic web. He views the transition from delayed model responses to real-time interaction as a massive productivity leap, even noting that his own team required extra hardware to handle the volume of AI agents they run simultaneously for development.
- A strong conviction that distribution is the primary bottleneck for crypto and tech products. He argues that builders often preach to a small, speculative choir and that the next massive success stories will come from meeting regular users where they already exist, such as on mobile app stores, rather than relying on niche community platforms.
- A focus on invisible infrastructure that bridges the gap between Web3 utility and mainstream usability. He highlights the value of settling peer-to-peer transactions using stablecoins to mimic traditional financial rails, praising implementations that hide complex blockchain elements from the end user to prevent errors and improve adoption.
- Critical stance on unsustainable gaming economic models like Play-to-Earn. He has pivoted his own strategy away from financial incentives, stating that models relying on token emissions are fundamentally broken, and instead prioritizes building games that users play purely for entertainment and community permanence.
- Belief in radical transparency and the benefits of open competition. He suggests that keeping game logic or code fully open-source is a net positive because it forces a team to rely on superior execution and community building rather than arbitrary moats, welcoming competitors to try and outperform them using the same tools.
- Commitment to consistent shipping and operational resilience. He uses the example of maintaining a streak of over a hundred weekly feature releases to demonstrate that long-term success is built on reliable, everyday inputs and the ability to grind through product cycles for years.
About their Fund
Sectors
Gaming / VR, Enterprise, Health, Deeptech / Hardware, Media
Rounds
Pre-Seed - Series B+
Avg Check Size
$25K - $100K
Notable Investments
Presence Capital is one of the earliest venture funds formed exclusively to invest in virtual reality and augmented reality, launching a dedicated $10M VR/AR-only fund when most VCs were only experimenting with the category. The fund's partners bring unusually deep operating experience from creating FarmVille at Zynga, engineering Unreal Engine and Gears of War, and leading HTC's VR initiative, giving them a founder/operator lens tightly coupled to immersive tech rather than generic software.
Other partners at the fund
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Notable Fund
Investments
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