What’s the next phase of growth for social networks like Facebook and others? The big KPCB venture capital fund thinks it’s in applications and it’s putting it’s money where it’s mouth is.
As Developer.com reports, the new sFund is designed to provide investment capital and resources to social Web entrepreneurs and developers. The launch event attracted some tech heavyweights, including the CEOs of Amazon, Facebook and Zynga.
PALO ALTO, Calif.
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What if there was a $250 million party and everyone you knew was invited?
Well, not quite everyone, but venture capitalist John Doerr described the new sFund for social Web applications as “a quarter billion dollar party” aimed at finding and funding social Web entrepreneurs.
Facebook CEO Mark Zuckerberg was particularly bullish on the promise of social apps.