The Mac Observer

Skip navigational links

You're viewing an article in TMO's historic archive vault. Here, we've preserved the comments and how the site looked along with the article. Use this link to view the article on our current site:
Steve Jobs Introduces the iFund [UPDATED]

Steve Jobs Introduces the iFund [UPDATED]

by , 2:35 PM EST, March 6th, 2008

At Apple's iPhone Roadmap event in Thursday, Steve Jobs, in concert with Kleiner Perkins Caufield & Byers introduced the "iFund," according to ars technica on Thursday.

John Doerr from KPCB said that in honor of Steve Jobs, in a salute to the world's greatest entrepreneur, that they are starting a $100M fund, the iFund, to promote startups. "That should be enough to start about a dozen Amazons, or even four Googles!" Mr. Doerr said.

The fund will be managed by KPCB, and the money is intended for companies that want to develop the capabilities of the iPhone and iPod touch. Apple said it will provide KPCB with market insight and support, according to InformationWeek on Thursday.

"It's about this great opportunity, but it's about more than the money, it's about the great team at Apple and the great talent we can recruit together," Mr. Doerr said.

Observer Comments

Show: Subjects Only | Full Comments
Comment on this Article

Comments are currently closed. Please email the author instead.


Recent Headlines - Updated November 22nd

Fri, 7:07 PM
Games - Soccer Sim Championship Manager 2010 Released for Mac
6:47 PM
Games - EA Publishes Original Monopoly for iPhone
6:15 PM
News - Original Apple I on Ebay for $50K, w/Letter from Steve Jobs
6:11 PM
Games - New iPhone Games: Secret of the Lost Cavern Ep 1, New DJ Nights, More
5:47 PM
Games - Star Trek D-A-C Game Headed to the Mac Next Month
4:57 PM
Product News - TidBITS Releases “Take Control of Syncing Data in Snow Leopard”
4:26 PM
John Martellaro's Blog - Particle Debris (week ending 11/20) Stationery Pads Go Poof
2:59 PM
Free on iTunes - Musée du Louvre, Art Lite, SketchBook Mobile X and More.
1:50 PM
Deal Brothers - Acer P215H bmid 21.5” Widescreen LCD Monitor:  $139.99
11:24 AM
TMO Appearances - Jeff Gamet Shares More Holiday Gift Ideas on MacJury
10:43 AM
Product News - Cocktail 4.5 for Leopard Adds QuickLook Cache Clearing
10:06 AM
News - Hack Enables Mac OS X 10.6.2 on Netbooks

The Mac Observer Reader Specials

  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!