If anyone doubted the momentum behind the value of iPhone applications this should give them something to ponder.
The investment firm KPCB has created a new fund dedicated to investing in cutting edge iPhone applications that leverage the functionality that is available in Apple’s latest release. Shockingly it’s called the iFund – I know you could have seen that one coming…
Regardless, it’s a great idea and should further propel top quality developers and big idea people to dedicated time and resources to release even more cutting edge applications.
I know some gaming applications have had over 400,000 paid downloads establishing the iPhone as a legitimate gaming platform as well.
If you want to find out more about visit http://www.kpcb.com/initiatives/ifund/index.html
August 29th, 2008 at 2:01 pm
Nice writing. You are on my RSS reader now so I can read more from you down the road.
Allen Taylor
August 29th, 2008 at 6:13 pm
More likely we’ll see a small but growing subset of enthusiasts running homebrew applications… much as there exists for the iPhone. Fund Investing