Some more details on John Doerr’s announcement at Apple’s (NSDQ: AAPL) iPhone event today that Kleiner Perkins Caufield & Byers has a new $100 million iFund …
From the Kleiner Perkins release: “The iFund, managed by KPCB, will be invested in companies with market-changing ideas and products that extend the revolutionary new iPhone and iPod touch platform. Apple will provide KPCB with market insight and support.” Apple CEO Steve Jobs: “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.”
– iFund will be led by KPCB partner Matt Murphy in collaboration with partners John Doerr, Bill Joy, Randy Komisar, Ted Schlein, Chi-Hua Chien and Ellen Pao.
– initiative will be “agnostic to stage and size of investment” with a focus on areas including location-based services, social networking, mCommerce, communication, entertainment
– iFund is looking for entrepreneurs pursuing “transformative ideas with the potential to become standalone, public companies.”
– As important as capital in many cases, KPCB will help on the company-building side.
Tricia adds from Cupertino: During his stage appearance, Doerr congratulated Jobs on the excellent job he is doing as Apple