John Doerr took the stage today at Apple’s announcement of its iPhone software developer kit and announced a $100 million fund to invest in startups that create apps for the iPhone. “”I can’t wait to see the great new companies that we build together,” he says. The fund will be led by Matt Murphy at Kleiner and will be called the iFund
. From the the Kleiner Perkins Website:
KPCB’s iFund is a $100M investment initiative that will fund market-changing ideas and products that extend the revolutionary 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.