How can we be sure that Apple has set this new goal? It’s simple John Doerr at KPCD has decided to create an iFund with the value of $100 million to fund the iPhone developer community. Now do the maths. They want a 10 to 1 return. $100 million represents a bet of $1.00 per user if 100 million iPhones are sold. That seems pretty plausible. That’s only the equivalent of 10 or less ring tones to get a billion dollar return. Is it really so outlandish? Actually it will have to be more.. Apple takes a percentage on sales.
Jobs says Kleiner Perkins believes in the opportunity to invest in iPhone development -Someone asked: What does the $100 million do for the iPhone community?
iFund KPCB’s iFund is a $100M investment initiative that will fund market-changing ideas and products that extend the revolutionary new iPhone and iPod touch platform. The iFund is agnostic to size and stage of investment and will invest in companies building applications, services and components. Focus areas include location based services, social networking, mCommerce (including advertising and payments), communication, and entertainment. The iFund will back innovators pursuing transformative, high-impact ideas with an eye towards building independent durable companies atop the iPhone / iPod touch platform.
Share This
Random Posts
