iPhone app fund rejects 99.8 percent of applicants

iPhone app fund rejects 99.8 percent of applicants Related Blogs Antiviral Art The Best Restaurant in New York Blackbag Defamer Disputations Documents Dodgeandburn Dog Domesticity Drugs Fine Vining Fortress America FrenchGawker Weird Internet Interviews Justice Morning After PhaseZero Politburo Rankings Gawker Review of Books Sausage Slowgawker Sony Hack One Man's Take The Cuck Themachines The Vane The West tktk True Stories Valleywag iPhone app fund rejects 99.8 percent of applicants 1.03K Paul Boutin 09/15/08 03:40PM Filed to: Venture Capital Venture Capital iPhone Kleiner Perkins Matt Murphy Apple Al Gore ifund iPhone Apps Valleywag This image was lost some time after publication. "In 6 months, we’ve received over 2,700 plans. That’s about 20x what we received in a similar period last year. Out of that group, we’ve funded five companies." Honestly, I have no idea why Kleiner Perkins partner Matt Murphy has decided to blog about the firm's iFund venture with Apple. KPCB is notorious for doing all its deals through insider connections, not by trolling for ideas on the Internet. (Apple board member Al Gore is also a partner at Kleiner Perkins, so it's not like the firm needs an in.) Murphy concludes, "Stay tuned for a future conversation on mobile monetization and navigating the tradeoffs of free versus paid applications." How about a conversation on navigating Apple's imperious rule of its App Store? Terms of Service Privacy Policy