Kleiner Perkins is one of Silicon Valley's most successful and best known venture capital firms. They've backed a number of well known tech companies including Google, Netscape, AOL and Amazon. VC firms are referred to by grades in Silicon Valley, and Kleiner Perkins is at the top of the A list.
This makes their announcement of a $100 million fund that will invest in iPhone applications especially interesting. Key quote from the press release on the focus of the fund:
"...a focus on areas including location based services, social networking, mCommerce, communication, and entertainment. The iFund will seek to fund entrepreneurs pursuing transformative ideas with the potential to become standalone, public companies."
Mobile computing, our consensus #1 technology trend for 2008, continues to gain momentum.
***Update - The New York Time has an article on this today. It also covers Apple's iPhone developer's program***
Yes, mobile is huge. The convergence of the phone and the computer will destroy and create a lot of value.
Posted by: Allan | March 09, 2008 at 10:14 PM