Ars Technica reports that the first company to get any iFund cash is
• Home Security 2.0
— Simply plugs into the home network and connects wirelessly to security panels, IP cameras, sensors and Z-Wave-based home automation devices (such as lighting, door locks, thermostats, etc.) delivering a host of advanced functionality.
[u] We previously reported that Pelagio had been named, as well. However, Pelagio received funding from Kleiner, Perkins, Caufield & Byers, backers of the iFund, before the iPhone platform funding scheme was announced. [u]
iControl's product is:
It's interesting that neither of these products are actually iPhone-specific and, at least theoretically, have broader appeal. Thereupon, iFund's claim that it would provide $100 million in development cash for the platform seems a little hollow.
Also, to date, over 1,700 iFund applications have been received and only two accepted. The fact that Apple's iPhone 2.0 software and 3G iPhone will be launched on June 9 makes one wonder just how serious these people are about giving away their money.
[u] Washington Post reports that Pelago that it has secured $15 million in a second round of funding. Originally, Pelago received funding from Kleiner, but after the prestigious valley firm announced it was launching the $100 million iFund, Pelago was transfered over to become the first iPhone application investment. [u]
Let them eat hype!
But, leave it to the good doctor to put things in perspective. Macenstein provides this helpful bit of analysis:
We’re no mathemagicians, but that more or less means the iFund trustees only deem 0.17% of all apps being submitted as showing any promise, or, to the glass half-empty crowd,
So, which is it?
My money's on the latter...
What's your take?
- Speed tests on MacBook Pro SSD speeds
- Apple Watch OS 1.0.1 Released
- Apple TV set reported abandoned
- MacBook Pro gains Force Touch, iMac 5K gets new pricing
- Video: How to sign/encrypt email using OS X Mail and a secure certificate authority CA
- LifeProof ships water-proof battery backup case
- Apple Watch lacks anti-theft security
- iGrill thermometer comes to the Apple Watch
- Apple Pay chipping away at Walmart backed CurrentC
- Safari on the Apple Watch
- Vulnerability found with MacKeeper
- Mac App Store sales
- Reserve Strap and the secret Apple Watch plug
- Apple Watch Review Diary: UX, odds and ends
- Apple Watch Review Diary - Battery: First Full Week
- Podcast: Thoughts on the Apple Watch
- Apple Watch Review Diary - Notifications
- Apple's supply chain and the defective taptic engine part
- Apple Watch Review Diary - Fitness Features/Tracker
- Apple Watch Review Diary - Productivity Apps: OmniFocus, Trello, Evernote IFTTT
- Tattoos and Apple Watches may not mix
- Apple Watch Review Diary - Making/Receiving Phone Calls
- Apple Watch Review Diary - Siri
- Apple Watch Review Diary - Maps/Navigation
- Apple Watch Review Diary - The Controls
Browse and search for more articles