Today at their offices in Menlo Park, venture capital firm Kleiner Perkins Caufield & Byers is celebrating the third anniversary of the iFund. Technically, the fund started in March of 2008 alongside the first iPhone SDK, when the firm announced that it would be investing $100 million in iPhone applications made by third-party developers. That initial fund went so well that just two years… → Read More
It’s hard to imagine that once there was no Internet. Just 15 years ago there was no browser, no web point-and-click. It was 1994, and Steve Jobs had left Apple. Steve was making Toy Story, and object-oriented software for Next.
Then one day Bill Joy showed me a… → Read More
Following Kleiner Perkins’ iFund “Doubling Down” event today, I got the chance to speak with iFund managing partner Matt Murphy. Simply put, Murphy, who also managed the first iFund, thinks the opportunity with the iPad will be huge — potentially bigger than the first iFund. Obviously, Kleiner wouldn’t pump another $100 million into the fund if it didn’t believe that, but Murphy offered some… → Read More
Kleiner Perkins is adding to its iFund portfolio of iPhone-focused startups. It’s latest investment is a series A round in stealth gaming company ngmoco. Kleiner partner Bing Gordon, formerly chief creative officer of Electronic Arts, will join the board (he is also on the board of Zynga, which KP also recently invested in through its regular fund). Ngmoco’s CEO is another EA refugee… → Read More