Kleiner Perkins Caufield & Byers (KPCB)has just launched its new venture called iFund. A funding opportunity for delopers of applications for iPhone and iTouch. According to the FAQs of KPCB website this fund will get utilized to promote and build the market changing ideas and products designed for iPhone and iTouch. Also they have released some of the key areas they wold like to invest and some of them includes location based services, social networking, mCommerce, communication, and entertainment.
They also have vision to transform a single revolutionary idea into the big project first and than ultimately a stand alone company if possible. As such KPCB has till now funded more than 500 ideas and out of these around 100 are full blown public limited companies now. And many of them have been doing very well with merger and acquisition.
So if you are the iPhone App Developer and has something to revolutionize the iPhone world, grab this opportunity.
For more information visit KPCB.
Tags: iphone
