Facebook has launched FB Fund, a $10 million fund from Founders Fund and Accel Partners that will help fund developers and startups apps that work with Facebook, according to CEO Mark Zuckerberg, speaking at the TechCrunch40 conference today, reports Barron’s. Facebook is not putting in cash in the fund, but Zuckerberg will be on the advisory board. Others include Peter Thiel of Founders Fund, Jim Bryer of Accel, LinkedIn
Facebook Creates $10 Million Fund To Developers To Create Apps
Summary:
Facebook has launched FB Fund, a $10 million fund from Founders Fund and Accel Partners that will help fund developers and startups apps tha…
That are good news. I hope Google will not buy Facebook, because Facebook could become a Google Killer.
What a brilliant move by Facebook. Not only this will boost the overall awareness to the Facebook community but it will also take the Facebook applications to the next level. I would take it even further and allow Facebook users to recommend their most favorite apps. For example, I have recently came across a new application called 'Trip Match' (by TripWiser.com), which is an online social trip planning service that brings the power of Web 2.o and social networks together, amazing (see link under my name, I hope this is allowed). If Facebook users could recommend their top applications to win the incentive fund – imagine the impact on application developers…Power to the people!
Great! Facebook could become a Google Killer very soon!