TheiFund is aUS$200 million capital fund. Developers may enter into equity deals for the creation of applications, services, and components forApple Inc.'siPhone,iPod Touch andiPad platform. It is being offered and managed byventure capital companyKleiner, Perkins, Caufield & Byers (KPCB).[1]
The iFund was announced by KPCB partnerJohn Doerr at the same time as theiPhone OS SDK, at Apple's iPhone Roadmap event on March 6, 2008 inCupertino, California.[1][2] The iFund is managed by KPCB partnerMatt Murphy in collaboration with partnersChi-Hua Chien, John Doerr,Bill Joy,Randy Komisar,Ellen Pao, andTed Schlein. Apple provides KPCB with market insight and support.[3] On March 31, 2010 KPCB announced the fund has been doubled.
On September 15, 2008, KPCB launched ablog to share perspectives on the iFund.
In December 2008 the confidential iFund application data was accidentally published on the web byKleiner Perkins Caufield & Byers’ former hosting provider, Meteora Technologies Group, in adatabase dump file. The file was indexed byGoogle and coincidentally discovered by afruux staffer. The file contained Applications from 588 companies including detailed information from each of these companies, like founder bios, financial ratios and business models.[4][5]
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