Kleiner Perkins making big bet on Apple's iPad

March 31, 2010
John Doerr, partner with the venture capital firm Kleiner, Perkins, Caufield and Byers, smiles during an announcement of the firm's plan to double its fund to $200 million for applications for Apple products in Palo Alto, Calif., Wednesday, March 31, 2010. The announcement comes within days of Apple's official launch of the iPad tablet. (AP Photo/Marcio Jose Sanchez)

(AP) -- One of Silicon Valley's top venture capital firms is doubling its bet on Apple's mobile gadgets in hopes of cashing in on the highly anticipated iPad.

Kleiner Perkins Caufield & Byers has added $100 million to an "iFund" that started with $100 million two years ago. That's when the firm began to invest in startups focused on building applications for Apple's iPhone and iPod Touch.

With that initial round of money now invested in 14 companies, Kleiner Perkins sees another golden opportunity in the . will start selling the computer tablet Saturday.

People pay attention to Kleiner Perkins' high-tech wagers because the firm has hit so many other jackpots. Its previous investments include Google, Netscape and Amazon.com.

Explore further: Brilliant wants early warning health alarm

0 shares

Related Stories

Online ReputationDefender wins investor backing

January 12, 2010

ReputationDefender announced on Tuesday that it has won 8.65 million dollars in venture capital backing for the company, which is devoted to protecting people's Internet personae.

Venture capital investments decline in 4th qtr

January 22, 2010

(AP) -- Venture capitalists invested less money in U.S. startups in the fourth quarter and showed signs of spreading out those fewer dollars among more companies, reflecting continued caution amid uncertainty about the economy.

Google tailoring tablet computer software

February 2, 2010

As iPad commanded the technology world's attention, Google continued working quietly on tablet computer software that could run rivals to Apple's latest creation.

Taiwan design house files complaint against Apple

March 30, 2010

A Taiwanese company said Tuesday it had filed a complaint against Apple urging the US to prevent the electronics giant from selling touchscreen products such as the iPhone, iPod and the new iPad.

Recommended for you

Interactive tool lifts veil on the cost of nuclear energy

August 24, 2015

Despite the ever-changing landscape of energy economics, subject to the influence of new technologies and geopolitics, a new tool promises to root discussions about the cost of nuclear energy in hard evidence rather than ...

Smart home heating and cooling

August 28, 2015

Smart temperature-control devices—such as thermostats that learn and adjust to pre-programmed temperatures—are poised to increase comfort and save energy in homes.

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.