With Apple constantly trying to control all the Apps that are developed for the iPhone, Kleiner Perkins Caufield & Byers, a venture capital firm, has just started a blog for iPhone App developers. The blog is called iFund blog, and it covers various different topics for its $100 million capital venture for iPhone App developers. So what does that mean? Basically, KPCB is dishing out about $100 million for iPhone App developers in order to create new apps for the iPhone. Currently, they have funded five different companies with about $30 million. That means there is about $70 million to spend. The five companies that KPCB funded include the following:
- Pelago – social discovery and location sharing through an application called Whrrl which is live on the AppStore
- iControl – a home automation and monitoring solution available in Q1
- ng:moco – iPhone games launching its first titles this month
- GOGII – A new social interaction and marketing platform, launching in Q4
- An unannounced venture launching in Q1
KPCB is excited about the prospects for the iPhone that they gave the following statement:
According to our estimates and M:Metrics data, that’s more iPhone application downloads in 30 days than all US carriers combined have in a quarter.* That means a relatively small base of handsets (~12M, mostly US) is dramatically outperforming the other 250M.
This is exciting for all iPhone and iPod Touch users as the possibility of applications are endless with this new iFund. Stay tuned as more information comes our way.
- Geoff
[Source: iFund]
