Mobile Industry Review » Kleiner Perkins Caufield & Byers http://www.mobileindustryreview.com Daily news and opinion for 250,000 industry executives and mobile fanatics Tue, 14 Feb 2012 22:46:41 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 $100 million fund launched for Apple iPhone developers http://www.mobileindustryreview.com/2008/03/100_million_fund_launched_for_apple_iphone_developers.html http://www.mobileindustryreview.com/2008/03/100_million_fund_launched_for_apple_iphone_developers.html#comments Fri, 07 Mar 2008 02:48:09 +0000 Julia http://www.smstextnews.com/2008/03/100_million_fund_launched_for_apple_iphone_developers.html Apple’s got its SDK out of the door and it’s hoping developers will bite. Meanwhile, Kleiner Perkins Caufield & Byers is making almost certain they will, with the iFund – a $100 million fund available for investing in companies developing applications and services for Apple’s iPhone.

The iFund is looking to back entrepreneurs with ventures that could become standalone companies in the future, with a special focuse on location based services, social networking, mCommerce, communication, and entertainment services.

What better way to encourage developers to look seriously at the iPhone than a potential $100 million pot of gold waiting at the end of the rainbow? While I’m sure Apple won’t be short of willing developers, this is the sort of thing that will really help foster clever service launches.

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