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Finance
NYT profiles iFund'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.
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)