The Return-to-Office Push Isn't Working
In March 2025, JPMorgan Chase ended the work-from-home era for its people. All 300,000-plus employees of America's largest bank were ordered back to their desks, five days a week. Amazon had already recalled 350,000 corporate workers in January. The federal government ordered its workforce back the same month. Dell, AT&T, and Southwest followed within weeks.
It was the biggest return-to-office push since the pandemic began. And it isn't working.
Even now, only about a third of workers show up to the office every single day. Attendance across major cities still sits roughly 30% below where it stood in 2019. Two researchers at NYU and Columbia put a name on what's happening to all those empty buildings. They called their study
— and calculated that half a trillion dollars of American office value evaporated in the pandemic's first three years alone.
McKinsey looked further out and saw worse. Across nine of the world's great cities, the firm projects $800 billion in office value will be gone by 2030. In their severe scenario, the damage nearly doubles. Cushman & Wakefield expects more than a billion square feet of empty American office space by the end of the decade.
Here's what I think everyone in this war has missed. The office was never really about the building. It was about what the building gave you — the big monitors, the door you could close, the feeling of working alongside your team. Strip those away and the kitchen table wins on convenience but fails at everything else. You get one cramped laptop screen, a dining chair, and a house full of interruptions.
So, the real question was never home versus office. But what happens when the office comes to you?
A Startup in Austin Has Been Building It Since 2017
A startup in Austin, Texas has been building it since 2017.
Imagine an accountant in a two-bedroom apartment outside Columbus. She puts on a headset at her kitchen table, and the kitchen disappears. In front of her: 6 giant monitors floating in a quiet mountain lodge.
Her spreadsheets sit on the left, her email on the right, and in the middle is a shared workspace where her teammates — one in Denver, one in Miami — pull up a chair beside her. When she takes the headset off, she's already home. There is no commute.
The app she's using is called Immersed. It turns a single laptop into a wall of giant virtual screens and gives you the entire setup of an office — anywhere on the planet.
Immersed launched in 2020, weeks after the pandemic sent everyone home. Six years later, 1.5 million people use it to work. It's the most-used AR/VR work app in the world. It holds a 4.2-star rating on the Meta Quest Store — while Meta's own work app, built by a trillion-dollar company, sits at 2.8.
Fortune 500 teams use it every day. And people don't dabble. They work inside it 40 to 60 hours a week — enough that Immersed users have logged the equivalent of 2,000 years inside their virtual offices.
Let me say it again… 2,000 years of work has already happened inside Immersed. While executives and employees argue about where work should happen, 1.5 million people stopped arguing and went to work… inside a headset.
Three Businesses on a Single Platform
Now the best part is that Immersed runs three businesses on a single platform.
The first is the software — the Immersed app, the product that built the user base of 1.5m people.
The second is hardware. They're building Visor — the world's lightest 4K-per-eye spatial computer, designed for work, not gaming. It delivers two million more pixels than Apple Vision Pro at roughly a third of the price. More than 75,000 people are already on the waitlist. CNBC's Jon Najarian showcased it at the New York Stock Exchange alongside CEO Renji Bijoy.
The third is AI. They're building an assistant called Curator that summarizes meetings, organizes your day, and handles the busywork nobody wants to do. It's already in beta — and early investors got first access.
The Company It Keeps
And Immersed doesn't work alone. The biggest names in tech are already involved. Google, Meta, Microsoft, Intel are all partners. Qualcomm builds the chip that runs the Visor — the same chip it put in headsets from Samsung and HTC. And Samsung picked Immersed as a launch partner for its newest headset.
Even a former Intel CEO Pat Gelsinger is a shareholder. He designed the 486 processor and helped bring USB and Wi-Fi into the world… he has a longer track record than almost anyone else in hardware. So is Mark McClain, the founder of SailPoint, the Austin cybersecurity company now worth roughly $12 billion.
Six major outlets have covered the company: Time, Wired, Forbes, CNET, TechCrunch, and The New Yorker. That's an unusual amount of press for a startup this size. And Amplitude — the analytics firm that tracks growth for Walmart, DoorDash, and Coinbase — ranked Immersed the third-fastest-growing product in North America.
CEO Renji Bijoy is a Forbes 30 Under 30 honoree whose 75-person team includes engineers from Google, Meta, and Uber.
The Financial Picture
The company has generated $7 million in revenue and projects $71 million¹. More than 10,000 investors have put in over $37 million. And the organic demand speaks for itself: 1.75 billion social media views and 1.6 million YouTube subscribers, without a dollar of paid promotion.
| Metric | Current | Projected¹ |
|---|---|---|
| Revenue | $7M | $71M |
Not with a mandate from the top but with a device that gives workers the office without the building.
Editor's Note: Round Closing
Immersed is still private. That means you're getting in at a price that won't exist once this company hits the public markets. That's where the biggest returns come from.
At $0.79 a share, you're looking at what I believe is the lowest price you will ever see on this company.
The current round closes July 30, 2026. After that, this price goes away.
I don't say this often. But if you've been looking for early-stage exposure to what I believe is the most important shift in computing since the smartphone — this is it. And at $0.79 a share, I don't think you'll see this price again.
Review the Immersed Offering →
Investing in early-stage private companies is speculative, illiquid, and involves a high degree of risk, including total loss of capital. Not investment advice.
Disclosures & Footnotes
¹ Forward-looking projection. The "$71 million" revenue figure is a company projection, not historical results. Projections are forward-looking statements and are subject to significant risks and uncertainties; actual results may differ materially.
This page describes a private/pre-IPO investment opportunity. An issuer's stated intent to go public is not a guarantee that an IPO or other liquidity event will occur.
Risk statement. Investing in early-stage and private companies is high-risk, illiquid, and may result in the total loss of your investment. Past performance is not indicative of future results. This page is for informational purposes only and does not constitute investment, legal, or tax advice, or an offer to sell or a solicitation of an offer to buy any security. Any investment decision should be made only after reviewing the official offering materials.
Sources. McKinsey Global Institute, "Empty spaces and hybrid places" (July 2023); Gupta, Mittal & Van Nieuwerburgh, "Work From Home and the Office Real Estate Apocalypse" (NYU/Columbia); Amplitude Product Report (North America growth ranking); Meta Quest Store — Immersed listing (rating). Third-party names, trademarks, and logos are the property of their respective owners; their inclusion does not imply endorsement.