Kleiner Perkins said to eye “cloud” fund

VC power player Kleiner Perkins is reportedly considering a new fund that will be dedicated to cloud computing companies. Whether or not it follows through, KPCB has already backed big-time cloud plays including Zynga and brought a former Twitter exec in as senior partner.

Seed funded startups ripe for shakeout, VCs say

Individual seed investors have been an increasingly powerful force in Silicon Valley’s startup funding landscape. But some venture capital heavyweights say that while the VC industry has been shaken up by the increase of seed backers, the current environment will likely lead to a fall.

Q&A: Kleiner’s Matt Murphy on the iFund

We spoke to iFund manager and Kleiner Perkins partner Matt Murphy about the iFund’s close relationship with Apple, its approach to competing mobile platforms including the mobile web, what iPad apps he’s most excited to invest in and what has already been done to death.

iFund Has Invested in 5 Companies So Far

I am hanging out at the MobileBeat conference in Sunnyvale, Calif., today, watching Erick Schonfeld grill panelists on the “Bang or Bust” panel. One of the panelists is Matt Murphy, head of the $100 million iFund at Kleiner, Perkins Caufield & Byers. “We have invested in five companies so far,” he told the room.

He named iControl, which brings home automation to the iPhone, as one of the fund’s investments, and said the names of three more would be revealed sometime between September and November. Given that the iFund was only announced back in March, I am surprised by the number of startups they’re investing in already. I have heard that VCs are currently sifting through business plans for iPhone-related startups. Tapulous is one of the hot iPhone startups out there and has already raised venture capital from well-known angels in Silicon Valley.

More information later after I wrap up my panel, which kicks off in a few minutes.