As everybody who's been near a RSS reader today already knows, Apple has unveiled their SDK for the iPhone and a slew of Enterprise-oriented functionality.
But you don't come here to read what's been elsewhere for hours, do you? Venture capital firm Kleiner Perkins Caufield & Byers has announced the iFund:
This, my friends, is how innovation really happens: someone with guts, brains and money provides funds and oversight for a startup with a great business plan, an energized team and, hopefully, a little bit of luck.
But you don't come here to read what's been elsewhere for hours, do you? Venture capital firm Kleiner Perkins Caufield & Byers has announced the iFund:
(...) a $100M investment initiative that will fund market-changing ideas and products that extend the revolutionary new iPhone and iPod touch platform. The iFund is agnostic to size and stage of investment and will invest in companies building applications, services and components. Focus areas include location based services, social networking, mCommerce (including advertising and payments), communication, and entertainment. The iFund will back innovators pursuing transformative, high-impact ideas with an eye towards building independent durable companies atop the iPhone / iPod touch platform.Legendary venture capitalist John Doerr is one of the partners that will manage the fund. He funded a few start-ups in the past. Ever heard of Netscape? Sun Microsystems? Compaq? Google?
This, my friends, is how innovation really happens: someone with guts, brains and money provides funds and oversight for a startup with a great business plan, an energized team and, hopefully, a little bit of luck.
