High-flying venture capitalist firm Kleiner Perkins Caufield & Byers placed a $100 million bet on Apple’s iPhone on Thursday by creating the iFund.
KPCB partner Matt Murphy will manage that gamble, by heading up a team that will invest in game-changing applications for the mobile Internet. His group will include KCPB co-founder John Doerr and Sun Microsystems co-founder Bill Joy, along with high-ranking advisers from Apple.
CNET News.com talked to Murphy late Thursday about his new charge and the significance of the iFund. Following is a brief excerpt of the interview, but the entire Q&A will be posted here Friday.
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