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4
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Apple and Kleiner Perkins launching $100 million iFund for iPhone Developers [IPhone]
Source: Valleywag
Mar 06, 2008


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Summary

At Apple's iPhone SDK announcement today, Steve Jobs had "one more thing..." to reveal. Venture capitalist John Doerr of Kleiner Perkins came onstage to announce a $100,000,000 "iFund" to help "young developers with funding." This is a huge amount of money for developers, but no details on how it will be invested or allocated. Compare this to the $10 million Android programming contest that Google introduced with its Android mobile phone platform. More coming as we get details.
Comments (2)
Asteele,
Mar 06, 2008
structurally it does make sense to me that apple is partnering with an existing vc firm vs. starting an intel capital type fund
Reply


Jasongoldberg,
Mar 06, 2008
agree. i wonder how long it will take to start seeing android funds.
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