Facebook’s efforts to develop startups that use its apps are really smart. It has created a $10 million fund called fbFund which helps small entrepreneurs in their first steps. Besides a short funding (not more than 100K), they provide some office space and some asessment from IT and PR experts.
During a Facebook meetup in the Nokia offices in Mountain View, Waleed Abdulla, founder of NetworkedBlogs, explained how the fund works:
Taylor Norris talked about Govit, a platform to put citizens in touche with their representatives, which is using Facebook Connect:
John Anderson talked about GroupCard, a collective greating card site which works as a Facebook app:
Leo Hochberg talked about Runthere.com, a social fitness application which he’s founded together with his wife: