Silicon Valley’s top venture capital firm Kleiner Perkins is increasing its bet on Apple’s iPad. The firm has added another $100 million to an “iFund” that had started with an initial deposit of $100 million two years back. The firm’s focus was to invest in startups dedicated to building applications for Apple’s iPhone and iPod Touch. With previous investments in companies like Google, Amazon this surely is another succesful investment from Kleiner Perkins.
Apple has already opened up the iPad for pre-orders and will make it available on Saturday.
American Editor recently ran a poll to figure out what stops users from buying an ebook. The results are out and no surprises.
1. 57% of the users feel that they are not comfortable buying ebooks due to DRM restrictions set by publishers
2. 26% of the publishers think that pricing of ebooks above $9.99 is detrimental in them buying an ebook. This seems to support the argument given in a recent NYT article about ebook pricing which was condemned by publishers.
3. 8% of the respondednt think that price greater than $4.99 is an issue.
Clearly, the sweet spot for ebooks lies somewhere between $ 3.99 and $9.99. Now its upto publishers, Google, Apple and Amazon to use their brain power to figure out what price they want to support.