Mar 07

$100 million in VC iFunding

Apple, iPhone, iPod Add comments
Apple’s iPhone is getting a $100 million shot in the arm from venture capital firm Kleiner Perkins Caufield & Byers to help develop applications for the enterprise and consumer markets.
Dubbed the iFund and managed by KPCB, the investment is designed for companies that want to extend the capabilities of the iPhone and iPod touch platform. Apple on Thursday said it will provide KPCB with market insight and support.“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,” Apple CEO Steve Jobs said in a statement.

So this iFund is to help companies develop for the iPhone and iPod Touch, or help create companies who will develop. Perhaps one of these new companies can develop and release the most unbelievable feature omissions in the iPhone which Apple unbelievably left out:

1. To-Do / Task List
2. Cut / Copy / Paste
3. Search

….just a thought.

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