1. QUOTE from:
    iFund Gives iPhone Devs a $100M Leg Up
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    "We gave a lot of thought to what the size should be of this iFund," Doerr said at the Apple SDK announcement event. "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" he explained. "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," noted Jobs. Full Article at TechNewsWorld
    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
    SOURCE: TechNewsWorld 21 months ago
All quotes from:
iFund Gives iPhone Devs a $100M Leg Up
  1. 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
    Matt Murphy – Matt Murphy SOURCE: TechNewsWorld 21 months ago
  2. We gave a lot of thought to what the size should be of this iFund
    – John Doerr SOURCE: TechNewsWorld 21 months ago
  3. With the native apps and integration with things like the accelerometer, location info, address book, camera, etc., the possibilities for innovation are boundless.
    SOURCE: TechNewsWorld 21 months ago
  4. 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
    Matt Murphy – Matt Murphy SOURCE: TechNewsWorld 21 months ago
  5. We think several significant new companies will emerge as this new platform evolves, and the iFund will empower them to realize their full potential
    – John Doerr SOURCE: TechNewsWorld 21 months ago
  6. 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
    Steve Jobs – Steve Jobs SOURCE: TechNewsWorld 21 months ago
  7. We can't wait to start working with Kleiner Perkins and the companies they fund through this new initiative.
    SOURCE: TechNewsWorld 21 months ago

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