Vyrotek|Bridging the gap between code and wealth

And here I thought $10 Million was awesome from Android… Now Apple wants to invest $100 Million into startups to get some apps rolling out for the iPhone.

 http://www.macworld.com/article/132416/2008/03/ifund.html

“The iFund will focus on areas including location based services, social networking, mCommerce, communication, and entertainment.”

Im not exactly sure how location based services are supposed to work on the iPhone. It doesnt have GPS.