iPad News & Tablet PC Reviews

Two major venture-captial firms, AppFund, Inc. and Kleiner, Perkins, Caufield & Byers have set aside a fund to invest in development groups and firms that are building applications for the iPad tablet pc…and we’re not talking about chump change, either.

Kleiner Perkins is said to have 200 million dollars in their coffers for the right development groups and teams, and is currently funding two such companies that are dedicated to making inroads to the iPad and iTouch device market via the Apple App Store.

It’s not a bad bet.  This is considered by many to be the dawn of a new development frontier since the websites have to be built in HTML5 compliance, and the applications are generally written in Objective-C or boiled down to that language’s bytecode when developed elsewhere.

For iPad developers, this is great news; even in a recession, there’s a way to make a buck on iPad development.  Meanwhile, other VC firms are reporting an amazing amount of business plans coming in related around iPad applications that can sell in the App Store.  Estimates point to iPad owners spending anywhere from $25-$35 per month on books, apps and other iPad consumables.

Kleiner Perkins doubled the size of its fund devoted to Apple devices to $200 million and said it’s backing two ventures that are developing so-called apps exclusively for the new device. AppFund, set up specifically to finance iPad-related startups, plans to announce five investments in coming weeks, partner Daniel Klaus said…

He projects that about half of iPad buyers will actively buy games, books, newspapers or magazines for the iPad. The average iPad owner will spend $34.25 a month on apps and content, he said, or slightly more than the cost of a hardcover book.

Story by: Tim Mullaney | Original Published Date: 3/31/2010
Original Title: Kleiner, Conway Ready Their Cash for IPad Apps Bounty
Source: Bloomberg Technology

Filed under: iPad Devs · Tags: App Store, iPad Designed, iPad Launch, Tablet PC