August 22nd, 2008
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.
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)
Jason D. O'Grady is the editor of PowerPage.org, which has been publishing daily mobile technology news since December 1995. For disclosures on Jason's industry affiliations, click here or to view Jason's full profile click here.
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