$100 Million iFund Launched for iPhone Developers
Aspiring software developers received word today of the launch of a $100 Million iFund to invest in companies developing apps and services for the iPhone and iPod touch.
It was a good day for aspiring iPhone developers. In addition to getting their first look at the iPhone SDK, developers were also told about the launch of a US$100 Million iFund to invest in companies developing applications and services for the iPhone and iPod touch.
iFund Focus
The iFund will focus on areas including location based services, social networking, mCommerce, communication, and entertainment.
In addition to the money, KPCB will also assist with company building expertise, business development relationships and access to its network of entrepreneurs.
“Developers are already bursting with ideas for the iPhone and iPod touch, and now they have the chance to turn those ideas into great companies with the help of world-class venture capitalists,” said Steve Jobs, Apple’s CEO. “We can’t wait to start working with Kleiner Perkins and the companies they fund through this new initiative.”
Stumble it!
NEWS FEED
[…] Official iCreate Blog wrote an interesting post today onHere’s a quick excerpt $100 Million iFund Launched for iPhone Developers Aspiring software developers received word today of the launch of a $100 Million iFund to invest in companies developing apps and services for the iPhone and iPod touch. It was a good day for aspiring iPhone developers. In addition to getting their first look at the iPhone SDK, developers were also told about the launch of […] […]
[…] Official iCreate Blog wrote an interesting post today onHere’s a quick excerpt $100 Million iFund Launched for iPhone Developers Aspiring software developers received word today of the launch of a $100 Million iFund to invest in companies developing apps and services for the iPhone and iPod touch. It was a good day for aspiring iPhone developers. In addition to getting their first look at the iPhone SDK, developers were also told about the launch of […] […]