07/31, 3:20pm
Games co. gets iFund money
A gaming company has been chosen as the next iPhone developer to receive money from Kleiner Perkins Caufield & Byers, an announcement reveals. The venture capital firm has agreed to provide ngmoco with Series A money from the iFund, a $100 million pool created to boost companies interested in developing native applications for the iPhone. Although ngmoco was only founded this year and is still seeking game creators and technical staff, it may be helped by the presence of Bing Gordon, a former chief creative officer with Electronic Arts, now one of the largest game publishers in the world.
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05/27, 10:20am
First iFund-backed devs
The iFund -- a $100 million resource set up by venture capital firm Kleiner Perkins Caufield & Byers -- is currently only paying to support two different iPhone development projects, writes BusinessWeek. The first of these is a port of an application by Pelago called Whrrl, which lets users scan for nearby attractions visited by them or their friends, as well as hit a button and receive a rundown of ongoing events. Controversially, revenue is expected to be earned by letting advertisers target the movements of individual customers, raising privacy issues.
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05/12, 12:40am
RIM BlackBerry Fund
Research in Motion early Monday confirmed rumors with the launch of the BlackBerry Partners Fund, a venture capital pool meant to rival the iFund for the iPhone. The $150 million pool eclipses the $100 million for the Apple device but shares the same goal of spurring growth in app development: promising young companies at any stage of development for their BlackBerry software can apply for capital to help their apps reach completion.
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