Tuesday, VC firm Bay Partners launched a program to fund Facebook platform programmers. The E-Commerce Times reports:
Dubbed the “AppFactory,” the program will grant awards of US$25,000 to $250,000 to Facebook developers using a fast-track approval process. The company hopes to make up to 50 such awards, Salil Deshpande, a partner at Bay Partners, told the E-Commerce Times.
“We don’t know how it will go,” Deshpande added. “The only constraint will be our bandwidth in terms of the time and effort it takes to evaluate, manage and nurture these projects.”
Oh, to be rich and have only time and effort in your way. Wait. Can’t they hire more people to take care of that?
They’ve already received over 30 applications, from the hundreds of apps (okay, well, it seems that way) created in the first six weeks of the platform. I hope Scrabulous wins something; I love Scrabble. But they’ll probably give the prizes to things that are “useful.”
In other news, Facebook’s blog announced Tuesday that they reached 30 million active members. Somehow, they didn’t mention that The Lisa added me as a friend. What do they know about big news?
For comparions, the E-Commerce Times says “MySpace currently has a membership approaching 70 million users.” I assume they meant active users, since it’s been almost a year since the infamous 100 millionth account was created.