Here 3 questions Matt Murphy partner KPCB (ifund)

Why create a fund (iFund) specifically for the iphone ?
would rather not get into comparisons with other platforms. Clearly there are other platforms which developers will want to write to in order to address an even larger user base, but we believe all important apps will certainly be written to the iPhone (not exclusively) to maximize the experience and that it is the best platform on the market.

Thinking that you will iphone before its competitor in 2 years ? Why ?
What’s exciting about the iPhone is the UI/device, development environment, and engagement demonstrated already by its users… its off the charts relative to any other platform. Am sure you’ve seen the data that 90% of iPhone users are using the mobile internet regularly relative to 20% on other phones on average. This represent 70% of all mobile internet usage in the US according to Steve Jobs at the event! This is enormous and this user base is rabidly awaiting other new applications and services. With the native apps and integration with things like the accelerometer, location info, address book, camera, etc. the possibilities for innovation are boundless. Very exciting indeed!

Why not do it on the other platform ?
In terms of why a fund, it game us the opportunity to do this in collaboration with Apple and gives us, Apple, and the entrepreneurial community focus and structure around the effort.

iFund FAQ