NYT profiles iFund's Matt Murphy

Summary:The New York Times has posted an interesting profile on Matt Murphy, the venture capitalist at Kleiner Perkins Caufield & Byers that oversees the iFund.Kleiner established the US$100 million iFund to invest in start-ups specializing in iPhone applications.

NYT profiles iFundÂ’s Matt Murphy
The New York Times has posted an interesting profile on Matt Murphy, the venture capitalist at Kleiner Perkins Caufield & Byers that oversees the iFund.

Kleiner established the US$100 million iFund to invest in start-ups specializing in iPhone applications.

So far this year, Mr. Murphy and his partners at Kleiner have received 2,500 business plans for potential iPhone application start-ups and they have invested in four.

So far iFund has financed the companies Ngmoco and Gogii, a company called iControl that makes it easier to monitor homes while away and a soon-to-be-announced company that creates virtual worlds that one enters through the phone.

(Tip: Ryan Kaplan)

Topics: Banking, Hardware

About

Jason D. O'Grady developed an affinity for Apple computers after using the original Lisa, and this affinity turned into a bona-fide obsession when he got the original 128 KB Macintosh in 1984. He started writing one of the first Web sites about Apple (O'Grady's PowerPage) in 1995 and is considered to be one of the fathers of blogging.... Full Bio

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