Friday, May 28, 2010

iPad prompts VC firm to double iFund for apps

While there is a significant amount of hype around the Apple, the iPad/iPhone, and Android, an interesting trend has gone little noticed, but important trend has been missed by most analysts. VCs are increasing funding to companies that develop Apps. VCs, seeking to stay ahead of current tech developments, are putting money into incubating the Apps industry. This means that the number and breadth of Apps will continue to grow at an exponential rate. It is also means that these mobile/tablet devices are here to stay, not just some over-hyped technology. Take a close look, this is just another marker to how dramatically the computing experience is changing.

(submitted by Tom)

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