"iFund" to put $100 million behind iPhone application developers
Submitted by Anders Batten on
Bay Partners turned many a head in the financial and software development worlds when it drummed up $10 million dollars last year to fund application development for Facebook. On Friday, San Francisco venture capitalists Kleiner Perkins Caufield & Byers trumped that offer ten times over, by establishing a $100 million dollar fund to back software development for the Apple iPhone.
