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Report: Facebook-Centric Startups On The Way

Are we about to witness a revolution in Facebook-focused startups? Likely so, according to SocialBeat, which reports that venture firm Kleiner Perkins Caufield & Byers was set to discuss "social web developments" at Facebook headquarters on Thursday. "There's no official word on what Kleiner will reveal, but a fund for startups building Facebook applications, integrating with Facebook in other ways, or maybe just for social startups in general seems like the most likely news," SocialBeat writes.

To date, the firm has had success with Facebook startups, i..e, Zynga, which is reportedly preparing for an initial public offering. As SocialBeat notes, "Zynga chief executive Mark Pincus argued earlier this year that the business opportunity on Facebook's platform still dwarfs that on Twitter or the iPhone." Meanwhile, Facebook once partnered with Founders Fund and Accel on a now-defunct incubator and seed investment fund dubbed fbFund. Presently, the firm is working with Y Combinator to give startups with special access to Facebook support and features, SocialBeat adds.

Read the whole story at SocialBeat »

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