Alongside Apple's (Nasdaq: AAPL) launch of its software development kit (SDK) and roadmap for its iPhone 2.0 beta software Thursday, Apple's CEO Steve Jobs introduced a "one more thing" announcement -- a US$100 million private investment fund earmarked... Full Article at TechNewsWorld
What's exciting about the iPhone is the UI/device, development environment, and engagement demonstrated already by its users ... it's off the charts relative to any other platform
And you know, it took a couple million dollars to start Electronic Arts (Nasdaq: ERTS) , $8 million to start Amazon (Nasdaq: AMZN) , $24 million to start Google (Nasdaq: GOOG) . So we decided the iFund should be $100 million
We gave a lot of thought to what the size should be of this iFund
With the native apps and integration with things like the accelerometer, location info, address book, camera, etc., the possibilities for innovation are boundless.
Clearly there are other platforms which developers will want to write to in order to address an even larger user base, but we believe all important apps will certainly be written to the iPhone -- not exclusively -- to maximize the experience
We think several significant new companies will emerge as this new platform evolves, and the iFund will empower them to realize their full potential
Developers are already bursting with ideas for the iPhone and iPod touch, and now they have the chance to turn those ideas into great companies with the help of world-class venture capitalists
We can't wait to start working with Kleiner Perkins and the companies they fund through this new initiative.
The iPhone is the coolest thing you'll touch
We'll set (the cost) when we release the software for the iPod Touch in June
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