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iFund - a new development oportunity for iPhone

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The company Kleiner Perkins Caufield & Byers (KPCB), intends to invest 100 million dollars in the development of software and services for the iPhone and iPod Touch.

With this aim, KPCB has established a venture fund called iFund. Special attention will be paid to the local service centers developers, social networks, mobile commerce (including mobile payment services and advertising) and entertainment services.

"The developers already have a lot of ideas for the iPhone and iPod Touch. Now with the help of the venture funds they have an opportunity to turn their ideas into big companies - said the Apple’s CEO, Steve Jobs. - We look forward to start working with Kleiner Perkins and their financed companies. "
 

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