From Wired Magazine:

Exactly how big the iPhone software market will be, and how quickly it will grow, is anyone’s guess. But, even assuming rapid immediate growth, the size of Kleiner’s fund took some aback.

“I’m not really sure there will be that many compelling iPhone apps that would necessitate that kind of investment,” says Buzz Andersen, a longtime Mac developer.

For perspective, that $100 million pot is more than 10 times the amount that Bay Partners dangled in front of developers to create apps for Facebook. And Facebook, a company valued at more than $15 billion, was already an established platform when the firm announced that fund.

The iPhone and iPod Touch, on the other hand, hold only promise.

Tags: AppFactory