Kleiner Perkins Caufield & Byers (KPCB) today announced the launch of the iFund with $100 million in venture capital to invest in companies developing applications and services for Apple's innovative iPhone and iPod touch. The iFund, managed by KPCB, will be invested in companies with market-changing ideas and products that extend the revolutionary new iPhone and iPod touch platform. Apple will provide KPCB with market insight and support

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