iFund
From Wikipedia, the free encyclopedia
The iFund is a $100 million capital fund. Developers may enter into equity deals for the creation of applications, services, and components for Apple Inc.'s iPhone and iPod touch platform. It is being offered and managed by venture capital company Kleiner Perkins Caufield & Byers (KPCB).[1]
The iFund was announced by KPCB partner John Doerr at the same time as the iPhone SDK, at Apple's iPhone Roadmap event on March 6, 2008 in Cupertino, California.[1][2] The iFund is managed by KPCB Partner Matt Murphy in collaboration with partners Chi-Hua Chien, John Doerr, Bill Joy, Randy Komisar, Ellen Pao and Ted Schlein. Apple provides KPCB with market insight and support.
Seattle-based Pelago Inc. is the first company to receive financial backing through the iFund. Their social discovery service, Whrrl, will be available on the iPhone as a native application in June 2008.[3]
[edit] References
- ^ a b "Kleiner's iFund to invest in 'Apple entrepreneurs'", News.com, 2008-03-06. Retrieved on 2008-03-09.
- ^ Apple March 6 Event. Apple Inc. (2008-03-06). Retrieved on 2008-03-09.
- ^ iFund Initiative. Kleiner Perkins Caufield & Byers. Retrieved on 2008-03-24.
[edit] External links
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