Kleiner Perkins Caufield & Byers announced they created a $250 Million dollar fund for social media startups. Find their entire release here. Per their release they want “…to invest in entrepreneurs inventing social applications and services.”. You may want to take a look at the companies they have funded so far if you believe your next venture fits into their fund. When it comes to VC’s you cannot go wrong with Kleiner Perkins. Here are four from their release:
Cafébots Friend Relationship Management. By building applications that are useful, fun, and scalable, consumers will be able to extract more information from and make better use of their social graphs.
Flipboard A social magazine, delivering a personalized experience of the news, images, and information being shared by your friends across social network feeds on your iPad.
Jive Jive’s social software leverages innovations in social to radically change the way work gets done in the enterprise. Jive has over 3,000 customers serving 15 million users.
Lockerz A social commerce company aimed at ages 13-30 creates a revolutionary new way to shop, play content, and connect. In less than a year, Lockerz has grown to more than 17 million members, offering major discounts on the best fashions, electronics, music, and more.