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Pure Play iPhone App Startups Attract $100 Million in VC Bucks
backtoreality says,
I'm not sure I really understand the funding going on in this space -- my experience suggests it is really hard to build a business doing $1MM/mo in this space. You can build a nice family business, but can you really build a VC business as a pure-play iphone app company?
Article excerpt from wired.com —
"Startups which concentrate on the development of iPhone apps have attracted about $100 million in venture capital in the mere two years that this business has existed, according to data compiled by the Chubbybrain blog.
The leading VC firm in this space is Kleiner Perkins Caulfield & Byers, which has put $50 million in six startups. This is...
Read the full article at wired.com »
Read the full article at wired.com »
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Anonymous
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BusinessFinance
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Smartphones
About backtoreality
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