KPCB's iFund is a $100M investment initiative that will fund
market-changing ideas and products that extend the 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.
Companies seeking funding from the fund can apply online.