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?
- Real world use of iBeacon in Apple stores
- 1Password for Mac 4.1 bring a number of improvements
- WSJ blasts ant-trust judge and prosecutor
- BassJump Subwoofer gets update for Mavericks
- Video: Shinola Premium Leather iPhone 5/5s case
- Honda announces further integration with iPhones
- Apple acquires Topsy Labs
- A look at some 4K monitor options
- Rockstar bringing Grand Theft Auto: San Andreas to iOS
- GLIF iPhone mount get update to be adjustable
- Honda rolling out Siri Eye Free on selection 2014 vehicles
- ScreenFlow 4.5 now available with Mavericks support
- Apple announces Black Friday sales
- iPhone 5s now available unlocked from Apple
- Apple buys 3D sensor company
- Podcast: Power outage, bad phone carriers, PS4, CoD, plus more
- Fifty Three announces Pencil Stylus
- OWC adds USB 3.0 to Mercury Elite Pro Qx2 enclosures
- MOGA Ace Power iOS game controller
- Sprint offers free 12 month smartphone service for students
- Find My Friends app get iOS 7 treatment
- PBS, Yahoo Screen comes to Apple TV
- Podcast: Episode 100, iPad mini, iPhone case is crappy or not? Everpix, plus more
- My iPhone Home Page AppsVideo:
- Video: Apple Leather iPhone 5/5S Case (Product RED)
Browse and search for more articles